SamS1
Expert Alumni

Retirement tax questions

The 8915E is live in the Online product but is not available yet for the desktop products.  I would suggest deleting the 1099R and re-entering it then checking the box for Covid related distribution in the Uncommon Situations screen.  The 8915-E will be used for penalty relief from early retirement plan distributions and include the option to spread the distribution income over 3 years.  This may be a good option if the distribution is pushing you into a higher marginal tax bracket in 2020.  You may end up paying less tax if you spread the distribution over the 3 years.