Randall Posted February 3, 2021 Report Posted February 3, 2021 I entered info from 1099R, checked the box at bottom of input screen that it was due to coronavirus. Nothing shows up as taxable. On Form 5329, I checked the code 12 so no penalty is calculated. I understand that a person has 3 years to pay it back without it being taxable. But I also saw where the taxable portion would be prorated over 3 years. I can't find anywhere to input this info. Form 8915E is not yet available. I'm not sure if this is where I would input it. I didn't see any elections for this available either. Quote
Pacun Posted February 3, 2021 Report Posted February 3, 2021 I think the best advice will be to wait for form 8915E. Quote
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