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How to process, with detail, my COVID ROTH IRA early Distribution to avoid the penalty now that 8915-E has been released?
I have everything else ready but I need to process my early Roth IRA distribution now that the 8915-E forms have been updated into TurboTax for Home and Business. Would someone mind guiding me on what the detail procedure is within TurboTax to process and to spread out the tax over three years? I have not imported my form from my ROTH IRA Provider yet. I also need to make sure I have accounted for my contributions so that I do not pay tax on that portion as well. Thank you so much for any guidance.
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‎February 26, 2021
9:42 AM