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New Member
posted Jan 27, 2021 9:48:22 AM

Where do I enter that my 401 K withdrawal is due to a Covid related incident so that I do not get the penalty tax?

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1 Best answer
Level 15
Jan 27, 2021 9:50:22 AM

The IRS has a new Form 8915-E for COVID-19 related retirement account withdrawals.  This form has not been finalized by the IRS for filing with a 2020 federal tax return.  The IRS has not announced when this form will be available.  Once available it will be included in the TurboTax software.

We estimate the form may be available sometime in February.

3 Replies
Level 15
Jan 27, 2021 9:50:22 AM

The IRS has a new Form 8915-E for COVID-19 related retirement account withdrawals.  This form has not been finalized by the IRS for filing with a 2020 federal tax return.  The IRS has not announced when this form will be available.  Once available it will be included in the TurboTax software.

We estimate the form may be available sometime in February.

New Member
May 11, 2021 11:42:33 PM

If Im efiling using TurboTax how will I attached this document?

Expert Alumni
May 12, 2021 6:30:19 AM

The 8915E will be part of your return.