How do I amend the return with form 8915 to give the client the correct credit

[ATSLLC]

The return has been filed before the form 8915 was available to show the taxes were taken out and does not have to be spread over 3 years but the original return has given her te10% early distribution penalty and it should not have. How are we moving forward with this.        

[Just-Lisa-Now-]

Youd have to prepare an amended return and mark the Covid boxes on the 1099R worksheet so that the 8915E form populates....if you dont want to spread the income over 3 yeas, you need to mark the box on the 8915E under Line 5.

[dkh]

@Just-Lisa-Now-  what's your opinion  -   I have similar situation unsure if I need to send Amended return. 

Client had 1099R distribution -qualifies for covid relief- did not want the 3year spread.  I sent return with F5329, line 2 exception 12.  This was before F8915 was available  and before I realized there was a check box to elect out of the 3yr spread.  (Yeah, I know - how did I not know...sigh)  

[Just-Lisa-Now- · Accepted solution]

the 5329 with exception 12 should work just the same. I wouldn't amend for this. Might get an IRS letter asking about the exception somewhere down the line.

[dkh]

Thanks - I thought the same  but was second guessing myself.   Need to talk to client anyhow about unemployment so I'll make mention of a potential "love letter"