Yes. Form 8915-E: Qualified 2020 Disaster Retirement Plan Distributions and Repayments, which is used for COVID-related early distributions, will be e-fileable starting 2/24. The IRS is updating form 5329’s instructions to make it clear that COVID related exceptions cannot use 5329 and should use the new 8915-E. While there income qualifications to access the TurboTax FreeFile program, all the form available in regular TurboTax will be available in FreeFile. Click here to be added to the email list when the form is available in TurboTax.
To access your 1099R, after you have logged in and are in your return:
- Go to Search at the top of the screen.
- then enter Form 1099-R in the search box.
- You will see a Jump To function that will take you to the 1099-R input screens.
- There select the 1099-R you are working on and continue through the screens to the penalty waiver section. Remove the "Other" penalty waiver reason.
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.
