Get your taxes done using TurboTax

Form 8915-E is available in both the CD/Download and online versions of TurboTax.  If you are using the online version or after you have updated the CD/Download version be sure to go back through the 1099-R section in the federal return. 

In the screens following the 1099-R entry screen:

• You will see a series of questions to see if you are exempt from the additional taxes on early withdrawals [Screenshot #1, below]; and 
• You will be asked if you want to pay all the tax this year of just 1/3, with the rest reported over the next two years. [Screenshot #2]  Check the box if want to pay tax on the entire retirement distribution in 2020.
• If you do not check the box, 1/3 of the distribution will appear on line 4b (IRAs) or 5b (Pensions & Annuities).  1/3 will appear on your 2021 return and 1/3 on your 2022 return.

Keep in mind that all your withholding and estimated payments for 2020 will appear on your 2020 return.

Screenshot #1

Screenshot #2