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Get your taxes done using TurboTax
@IDF783 Make sure you indicate you have 2 codes and enter the 1 in first box and L in 2nd. I just tried it in both the Desktop and TurboTax online and both took me to the 8915E screens for the income deferral.
The 8915-E will be used for penalty relief from early retirement plan distributions and include the option to spread the distribution income over 3 years. This may be a good option if the distribution is pushing you into a higher marginal tax bracket. You may end up paying less tax if you spread the distribution over the 3 years
March 9, 2021
1:30 PM