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When will the section regarding the 401 k early withdrawal for covid be available?

 
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2 Replies

When will the section regarding the 401 k early withdrawal for covid be available?

It is unknown at this time, the IRS still has that form and draft format, once the paper form is ready it usually takes another two weeks for the electronic format to be completed and tested. Hopefully this will all be done by the time the IRS starts processing returns on or about February 12th. All you can do is check back a couple times a week until you see the progress.

PattiF
Expert Alumni

When will the section regarding the 401 k early withdrawal for covid be available?

The IRS will be releasing Form 8915-E to use with the 1099-R. Here is more information:

CARES Act and 1099-R Withdrawal.

 

The software has not been updated yet because the form has not been finalized by the IRS. Once the software has been updated, you will be prompted through the form with instructions on how to enter the information.

 

The IRS has not provided a release date for the form at this time. Use this link IRS Form Availability to watch for when the 8915-E form will be available in the software once the IRS completes it.

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