DavidD66
Expert Alumni

Retirement tax questions

If you took an early withdrawal from a retirement plan due to COVID-19, you are not subject to the 10% penalty.  You also have three years to pay the tax, or to roll the funds over.  To do so requires filing Form 8915-E, Qualified 2020 Disaster Retirement Plan Distributions and Repayments.  This form was just finalized by the IRS, and is expected to be available in TurboTax on February 25.

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