Hello,
I reported a form 8915-E CARES Act withdrawal from 2020 and paid 1/3 of the income tax due in 2021. Now that form 8915-F has been released, I discovered a critical flaw in the TurboTax Online tool. Te information being gathered in the 1099-R questionnaire for form 8915-F is NOT being added to my 2021 taxable income and the additional income tax is NOT being calculated on my bill. After entering all of the data including checking the box for a CARES act withdrawal and the amount reported in 2021, I submitted my return for error checking and successfully transferred my e-file to the IRS before I caught the problem. The software did NOT generate a form 8915-F, it did NOT add 1/3 of my 2020 CARES Act withdrawal to my 2021 taxable income and it did NOT calculate and add the tax DUE to my 2021 return.
Please escalate this to the software team ASAP. Your software is not properly reporting income.
