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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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‎February 21, 2021
8:00 PM