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New Member
posted Feb 24, 2021 8:18:24 AM

A couple weeks ago I was told to hold filing because the necessary COVID info wasn't present... That said, is it available now?

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1 Replies
Expert Alumni
Feb 24, 2021 8:44:10 AM

If you're referring to form 8915-E, we have to wait for the IRS to finalize and approve the software update. The 8915-E Form is projected to be e-fileable sometime on 02/25/2021. 

 

Those who qualify as individuals directly impacted by the pandemic will be able to withdraw up to $100k from their retirement accounts without facing the 10% early withdrawal penalty.

You qualify if:

  • You, your spouse, or your dependent are diagnosed with COVID-19
  • You experience adverse financial consequences as a result of being quarantined, furloughed, or laid off
  • You had work hours reduced to COVID-19
  • You’re unable to work due to child care closure or hour reduction

As things change, TurboTax is continually updated and able to handle every situation that arises to ensure your taxes are done right, so you’ll receive your maximum refund. 

 

Source: Can I waive the penalty for early retirement withdrawal if I'm impacted by