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Get your taxes done using TurboTax
Question on form 8519-E pertaining to Covid Distribution:
After completing form 8519-E, Sect Qualified 2020 Distributions from Retirement Plans (Other than IRAs), and transferring amount on line 11 to line 5b on Form 1040 (amount subject to tax), how does a filer transfer info from 1099R Box 7?
1099R Box 7 reflects a '1' for 'regular' distribution instead of '2' for 'exception' distribution.
Do filers using TurboTax enter 2 for the box 7 info and attach form 8519E with filing? Hope this makes sense.
March 3, 2021
3:27 PM