- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
you enter federal and state taxes withheld within the 1099 itself.
The 8915-e form simply allows for you to avoid the 10% early withdrawal penalty, and have the amount withdrawn factored into your AGI for overall federal tax calculation all in one year, allowing you to split the calculation over three years evenly, paying federal tax owed slowly rather than all at once.
‎February 12, 2021
2:18 PM
5,016 Views