You'll need to sign in or create an account to connect with an expert.
It should not cause any problems if it qualifies as a COVID related distribution in one of the ways specified in the tax law.
There will probably be a check box somewhere (8606 ?) to claim "covid related " tax treatment. It's not clear at all how much auditing of "covid related" distributions will happen.
@fanfare wrote:
There will probably be a check box somewhere (8606 ?) to claim "covid related " tax treatment. It's not clear at all how much auditing of "covid related" distributions will happen.
I believe it will be reported on a new 8915-E form for 2020 that will be part of the 1099-R interview.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
vegas
Returning Member
kristina-ponds
Returning Member
LJA
Returning Member
unclesam-19
New Member
Bec3a
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.