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    Early distribution penalty

    jayboothcpa
    Level 1

    In the program, how do you get the early distribution penalty abated because of COVID?

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    2 Comments 2
    dascpa
    Level 12

    Please look at the 3,000 prior messages about this. The form is not ready yet. Hopefully in a week. For the future, please do a search before posting.  May save you time.

    qbteachmt
    Level 15

    Penalty = Form 5329.

    You also need Form 8915-E.

    Did you look at the Form Availability? You can Bookmark this link. You should use it frequently, because the release dates have changed.

    https://proconnect.intuit.com/proseries/forms-finder/

     

    Form 8915-E, Qualified 2020 Disaster Retirement Plan Distributions and Repayments (Taxpayer) Final on 02/25/2021, EF on 02/25/2021
    Form 8915-E, Qualified 2020 Disaster Retirement Plan Distributions and Repayments (Spouse) Final on 02/25/2021, EF on 02/25/2021
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