When will form 8915-E be available to report Coronavirus-Related Distributions from IRAs exempt from 10% penalty and to elect to report as income over 3 years?

[diesel19914]

Any new information on when the update will be available.  I completed my return days ago when I found out the form 8915-E is an issue and I can't file until the update comes!!!

[MarilynG1]

@diesel19914 Form 8915-E is ready in TurboTax.  Go back to your 1099-R entry and indicate your distribution was 'covid-related' (you or a family member was diagnosed OR were financially impacted).

At the end of the section, there is a small box to check if you 'want your distribution taxed this year'.  Don't check the box and TurboTax will automatically split the distribution over three years.  You will see that reflected in the Taxable Amount of your distribution on Form 1040, Line 5b.

Click this link for more info on Tax Relief for 2020.