Wisconsin Form 1 is calculating a penalty on Line 22 for COVID related IRA withdrawals. When will this be fixed?

Forum|Forum|5 years ago
March 2, 2021
12 replies
26 views

I have may clients that took a COVID related IRA withdrawal. The Federal Form 8915E is now working on the Federal side but on Wisconsin, it is still calculating an early withdrawal penalty with the following error notice:

Form 1: Penalties on IRA We're still working on updates related to Penalties on IRAs, retirement plans, MSA's distributions (Form 1099-R) that qualify for disaster or covid relief. You can keep working on your return and we'll remove this message when it's ready.

I have a stack of returns that are waiting to finalize with this error. When will it be fixed? I can't find anything online and when I called early this morning the person at Intuit said she would look into it and email an answer. I have heard nothing all day.

ProSeries Professional

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T

Terry53029

Intuit Community Champion

Form 8915E has to be filled out in federal first, and that form is scheduled to be released in PS 3/11/2021

K

kevin2Author

Level 3

Form 8915E is already available and seems like it is final in ProSeries. This was available starting 2/25. The Wisconsin error did not appear until after the form 8915E was in the Federal return.