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Level 1

Can't seem to get access to 8915E (401k 10% early withdrawal penalty forgiveness)

Hi,
I'm using Self-employed version to file taxes electronically. I qualify for 10% early 401k withdrawal penalty forgiveness, but can't seem to find the 8915-E form in online version.

After uploading 1099-R, it takes additional 10% penalty on top of taxes.

Any help will be greatly appreciated.
Thank you.

1 Best answer

Accepted Solutions
Employee Tax Expert

Can't seem to get access to 8915E (401k 10% early withdrawal penalty forgiveness)

You will report this on a Form 8915-E.  On February 11th, the IRS finalized the Form 8915-E for retirement plan distributions under the CARES act.  The form will be available on TurboTax for efile approximately February 24th. 

  

 Please sign-up here and we will email you once the form is live.

 

In the mean time, you can make sure you are eligible for the provision here - Coronavirus Relief

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
Employee Tax Expert

Can't seem to get access to 8915E (401k 10% early withdrawal penalty forgiveness)

You will report this on a Form 8915-E.  On February 11th, the IRS finalized the Form 8915-E for retirement plan distributions under the CARES act.  The form will be available on TurboTax for efile approximately February 24th. 

  

 Please sign-up here and we will email you once the form is live.

 

In the mean time, you can make sure you are eligible for the provision here - Coronavirus Relief

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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