DMarkM1
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Get your taxes done using TurboTax

There is no special code in box 7 for the Covid distribution on the 1099R.  You should enter the information exactly as displayed on your form. 

 

Once form information is entered the follow on questions will be: 

  1. IRA boxed checked?  answer Yes or No
  2. What kind of retirement do you have? Qualified or Non-qualified?
  3. If you select qualified you will get another page "Do any of these situations apply? 
  4. You should answer "I took this money out due to a qualified disaster (Covid 19). 
  5. Then you will get more interview questions
  6. Was this RMD? you can answer "No" since RMD has been suspended this year
  7. Periodic payments?  Yes or No
  8. Then the Covid 19 questions

 

 

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