Designating Form 8915-E details, that the withdrawal was for COVID-19 and designating the tax to be paid over 3 years is done in the IRA, 401(k), Pension Plan Withdrawals (1099-R) section after your Form 1099-R details have been entered.
To see this in TurboTax, return to the program and search for 1099-R. Select the Jump to link in the search results.
- Click the edit icon by your Form 1099-R. After the initial entry, the following questions should appear:
- Where is your distribution from?
- Pension/IRA distributions received before retirement age / None of the above
- Do any of these situations apply to you?
- I took out this money because of a qualified disaster (includes COVID-19)
- Continue through the rest of the questions.
If your questions are not there, and your program is fully updated, then delete and re-enter Form 1099-R.
- To make sure the program is updated, close the program and the browser. Re-open using TurboTax.
- To delete Form 1099-R in TurboTax, follow these steps:
- From the left menu, select Tax Tools.
- Select Tools.
- Scroll to Delete a Form.
- Scroll to Form 1099-R and select Delete and Delete Selected Form and Continue.
- Refresh your browser window.
- Return to the program and search for 1099-R. Select the Jump to link in the search results.
- Enter Form 1099-R, which will produce the questions you need.
For more information, see:
What is Form 8915-E Qualified 2020 Disaster Retirement Plan Distributions and Repayments?
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