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New Member
posted Jan 25, 2021 10:31:54 AM

401k Withdrawal - When will TurboTax allow me to apply a Covid hardship to my withdrawal and (1) not pay penalty and (2) distribute across 3 years?

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Expert Alumni
Jan 25, 2021 10:54:48 AM

The Coronavirus-related relief measures for retirement plan distributions have to be reported on form 8915-E which has not yet been finalized by the IRS. No date has been given by the IRS for the finalization of this document.

 

TurboTax will update this section after the IRS releases the final version of form 8915-E and its instructions. Please revisit this section at a later date.