Hi,
I did a CARES act withdrawal from my Workplace 401K. The CARES act allows me to 1) Avoid paying the 10% early withdrawal penalty. I also want to 2) Pay only 1/3rd of the tax this year and spread the rest out over 2021 and 2022 taxes.
I entered my 1099-R in Turbotax. However, there is no screen asking if this was a CARES act distribution. Where exactly in the software do I need to enter this so that it does the correct calculations? I am at the "These Situations May Lower Your Tax Bill" screen for exceptions, after entering my 1099-R, but there is no CARES act option.
Unfortunately, the software has bugs as the links on this screen (and other screen) that offer further tips/help are not working.
Please help!
