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If you have 2 withdrawals from the same financial institution, then the coding in box 7 must be different otherwise you would have received only 1 1099R. Review the coding in box 7. After entering the amounts in for the 1099R, you should see a the uncommon situations screen. You must check the box to indicate this is a covid 19 withdrawal. If one of the 1099s has a letter in box 7, there can not be a 1 as the second code as 1 is for non-Roth withdrawals.
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. You may end up paying less tax if you spread the distribution over the 3 years.
If one of these Forms 1099-R includes code B in box 7 and you are using online TurboTax, a workaround is needed to get around the flaw in TurboTax that prevents it from asking if the distribution is COVID-19 -related when there is a code B in box 7. Enter the Form 1099-R as is but omit the code B, enter only the code 1, 2 or 7 (If box 7 has only code B, temporarily enter code 7 instead). Complete the follow-up questions, then, when you reach the Review Your 1099-R Info page, edit this 1099-R and add the code-B selection. The COVID-19-related information will remain even though you won't have access to those questions with the code B present.
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