Form 8915-E is available now in TurboTax.
It sounds like you are currently waiting on the corrected Form 1099R, so you can input it correctly into TurboTax.
When you get your corrected 1099R, then you can go into your return and change the box 7 code and any other differences in it vs the initial one. Then, TurboTax should be able to "open up" the other options for treating it as a Covid distribution with special benefits.
Code 2 in box 7 will allow your return not to be subject to a 10% early distribution additional tax. One of the exceptions can be covid distributions
Qualified 2020 Disaster Distribution Coronavirus and Other Qualified 2020 Disasters:
Qualified 2020 disasters fall into two categories:
- coronavirus and
- qualified 2020 disasters other than coronavirus.
These disasters are the only disasters for which a qualified 2020 disaster distribution can be reported on Form 8915-E.
How Is a Qualified 2020 Disaster Distribution Taxed?
Generally, a qualified 2020 disaster distribution is included in your income in equal amounts over 3 years.
However, if you elect, you can include the entire distribution in your income in the year of the distribution.
If more than one distribution was made during the year, you must treat all distributions for that year the same way.
Any repayments made before you file your return and by the due date (including extensions) reduce the amount of the distribution included in your income.
Qualified 2020 disaster distributions aren’t subject to the additional 10% tax on early distributions
