Get your taxes done using TurboTax

In my case, I am dealing with 1099-R's.

 

Box 1 has an amount. Box 2A has the same amount. Box 7 code is 01, and the IRA/SEP/Simple box is ticked.

 

I followed all the new questions about Cares act eligibility in regards to whether the withdrawal falls under the CARes act requirements and itr does. Its just at that last page where the software asks about wanting to spread the distribution over 3 years or take the tax hit this year but the software doesn't pickup that amount of the distribution that has already been inputted, so the inputs on that page don't make a difference. The software has correctly removed the 10% penalty, but it seems like there is more work to update the software in regards to the 3 year spread or take tax hit for 2020 page inputs.

 

Hope that makes sense