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January 9, 2021
Question

Where in TT are the tax implications of Section 2202-05 of CARES Act?

  • January 9, 2021
  • 1 reply
  • 0 views

I cannot find the ability to calculate the tax and penalty implications (deferring and waving, respectively) of taking an early retirement account withdrawal.

    1 reply

    Employee
    January 9, 2021

    TurboTax has not yet implemented Form 8915-E or anything else related to reporting Coronavirus-Related Distributions.  The IRS has not yet released this form.

    Critter-3
    January 9, 2021

    The other 8915 forms are expected 2/18 at the earliest ... so you need to wait a while ...

     

     

    Click on the REVIEW tab to see what it is and when it is estimated to be ready (when operational) ... 

     

    IRS Forms Availability Table for TurboTax Individual (Personal) Tax Products

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    State Forms Availability Table for TurboTax Individual (Personal) Tax Products