Form 8915-E will allow you to pay tax on one third of the distribution over the next three tax years. You can use the steps below to make sure you have chosen the right steps to complete it.
Steps to review in your tax return for this entry:
- Login to your TurboTax Account
- Click on the Search box on the top and type “1099-R”
- Click on “Jump to 1099-R” you should see the “Your 1099-R Entries” screen and will click "edit"
- Continue until "Tell us if any of these uncommon situations apply" screen
- Select "I took out this money because of a qualified disaster (includes COVID-19)"
- Answer any remaining questions.
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