I believe that the 8915 e form will allow you to pay the taxes on the entire distribution you took over a period of three years. For example, if you took out 10k, you could opt to pay one third of the taxes in year 2020, one third of the taxes in year 2021 and the remaining one third of taxes in year 2022. I also believe that the form would incorporate the waiver of the 10 percent penalty on distributions for those under age 59 and half. Unfortunately, we are all waiting for the IRS to finalize the form and allow it to be filed electronically. So far, this is what I have gathered. It would be nice if someone from Turbotax would chime in and set us all straight.
