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401K Early Withdrtawal penalty/tax and CARES Act
Hi, Due to the COVID19 Pandemic I lost my job 8 months ago & finding it difficult to find a job. Due to the financial situations, I withdrew the entire amount from the 401K plan, thinking that I'll not have to pay the penalty on it (due to CARES Act) but just the tax. Now, I don't see the Form 8915-E for spreading the tax (incurred due to early withdrawal of 401K amount) over the next three years. I am using TurboTax Deluxe 2020 edition to prepare my taxes this year. Please help me and send me the advise / instructions to my personal email id: [email address removed]. Regards, Riaz [last name removed]
‎February 25, 2021
4:30 PM