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April 19, 2022
Question

Where on TurboTax can you find out if you qualify for the CARE exemption for early 401k distribution?

  • April 19, 2022
  • 1 reply
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1 reply

April 19, 2022

"A coronavirus-related distribution is a distribution that is made from an eligible retirement plan to a qualified individual from January 1, 2020, to December 30, 2020, up to an aggregate limit of $100,000 from all plans and IRAs." (IRS)

 

Are you trying to file your 2020 tax return?

 

You cannot get the exemption for 2021.

 

 

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