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Get your taxes done using TurboTax
i cannot speak to the desk top version, as I am only using Turbo online. The latest post that the 1/3 taxable will be reported is still not working on the online version. There's a program problem when your total IRA distribution is made up of regular distribution and COVID related distribution...the amount reported as COVID doesn't carry over to the Form 8606 (if you are required to file that form) and therefore taxable income is overstated. My conversation with the Turbo online tax expert confirmed this, and I was advised that it was reported and is being researched/corrected. Just don't know when. Good news is that 401K COVID related distributions appear to be properly flowing through the Form 8915E and 1/3 taxable is being computed if elected - and any re-deposits are also being reflected. But 401K distributions are NOT related to Form 8606.
Hope this helps.