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Level 1
posted Feb 27, 2021 7:16:18 PM

Where is form 8915-E for the CARES Act, to keep from paying the 10% penalty fee for an early withdrawal?

I have two 1099-R forms related to a single retirement withdrawal made under the CARES Act (the withdrawal was split and taken from 2 accounts). When going through the app to enter them, only one asked me if it was related to Covid-19. The other one is still being charged the 10% early withdrawal fee. I can’t find the option to complete the 8915-E form in TurboTax to waive the 10% fee. Any tips?

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4 Replies
Level 15
Feb 27, 2021 7:20:49 PM

What is the code(s) in box 7 on the 1099-R's?

Level 1
Feb 27, 2021 7:40:46 PM

The one that asked me if it was related to Covid had a number 1 in the box. The other one that did not ask me about Covid had a 1B in the box. 

Level 15
Feb 27, 2021 7:54:35 PM

Code B seems to work correct in the CD/Download desktop versions, but the online versions seems to have a bug that ignores code B for the COVID questions.

Level 1
Feb 27, 2021 7:58:39 PM

Ok, thank you! I’ll give the desktop version a try!