The problem is with the form 8915-E. The Cares Act provided relief for individuals that took an early distribution from their retirement plan due to the pandemic. It provided for exclusion for the 10% early withdrawal penalty and the opportunity to spread the income realization from the distribution over 3 years. At this point and time, the Form 8915-E is not finalized. We currently do not have an estimated date when the form is ready.
Please sign-up here and we will email you once the form is live.
The pandemic has affected your taxes in many ways. Including reporting in TurboTax the amount of stimulus money you received. Click Here for more information on how the Pandemic affected your 2020 taxes.
