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Retirement tax questions
You can record the information in your return and wait until the form is released. I wouldn't submit the return however because if you do, you will need to prepare the amended return to claim back the early withdrawal penalty. Why pay the extra tax now because if you prepare an amended return, it could take 6-8 weeks for the IRS to process your amendment. Besides, if you submit now, you won't be able to prepare your amendment until mid February.
So avoid all that extra trouble and wait until the form is released. You can sign up here so we can notify you when the form is available.
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‎February 3, 2021
1:37 PM
719 Views