Here is where you would enter the information: In TurboTax online, Sign in to your account and select Pick up where you left off. From the upper right menu, select Search and type in 1099r and Enter Select the Jump to 1099r Follow prompts On screen, Tell us if any of these uncommon situations apply, select the first option " I took out this money because of a qualified disaster (includes COVID-19) As IRS has not yet finalized the Form 8915-E for this special situation, you will see an indication on the screen that asks you to revisit this area later. See imageAs of today, the IRS has not yet finalized the Form 8915-E for retirement plan distributions under the CARES act, this form cannot be incorporated in the TurboTax program. At this point, the IRS has not corresponded with us when the form will be finalized and available. We estimate it will be sometime in February 2021 before the form is available.

Question

We took a retirement distribution due to Covid, where do I list the amount to pay taxes on for this year, which would be 1/3 of total distribution

Forum|Forum|5 years ago
January 22, 2021
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TurboTax Deluxe Online

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linaj20201

Here is where you would enter the information:

In TurboTax online,

Sign in to your account and select Pick up where you left off.
From the upper right menu, select Search and type in 1099r and Enter
Select the Jump to 1099r
Follow prompts
On screen, Tell us if any of these uncommon situations apply, select the first option " I took out this money because of a qualified disaster (includes COVID-19)
As IRS has not yet finalized the Form 8915-E for this special situation, you will see an indication on the screen that asks you to revisit this area later. See image

As of today, the IRS has not yet finalized the Form 8915-E for retirement plan distributions under the CARES act, this form cannot be incorporated in the TurboTax program. At this point, the IRS has not corresponded with us when the form will be finalized and available. We estimate it will be sometime in February 2021 before the form is available.