@Ajohnson2252 wrote:
I am attempting to submit my 1099-R taxes on my 2020 IRA distribution which will require Form 8915-E for exception of the 10% early withdrawal penalty. (COVID-19 work hour reduction) - When will the form be updated and accessible to allow me to properly process my taxes without the penalty.
Just to make sure there isn’t any confusion, I do not need Form 8915-F as I am reporting the distribution that was made in 2020.
Thank you!!
Alli
A 2020 1099-R can only be reported in a 2020 tax return, not 2021. If you filed 2020 and did not include it then you need to amend 2020 to add it. The 2020 software supports the 8915-E form.
You can only amend 2020 with the 2020 desktop software.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
