@baseball571 wrote:
Are we able to spread the 401k distribution ratably yet on turbotax? Do I just fill out the amount in box 1 to the amount I want to be taxed? How does the process work? I like turbo tax but this is starting to be a pain. Help!
You enter the Form 1099-R as received. After entering the 1099-R there will be several screens asking questions about the withdrawal. There will also be screens asking if this withdrawal was due to Covid-19.
If you do not see any screens asking about Covid-19 then delete the 1099-R and re-enter.
Form 8915-E, Qualified 2020 Disaster Retirement Plan Distributions and Repayments is available for both the TurboTax online web-based editions and the TurboTax desktop CD/Download editions.
If you are using the desktop editions you have to update your software. Click on Online. Click on Check for Updates.
