I am still confused re: the implementation of 2020 CARES 3-way payment/deferment and 2021 TurboTax. Example:
In 2020, we took a IRA COVID distribution, and selected the 3 payment/deferment. We filed 8915-E, and on line 9, properly denoted the 1/3 amount. So this year and next year, we need to add that same deferred amount to those returns.
Here’s what I don’t understand: I used TT 2020 to prepare and file that return. The first thing TT2021 does is import the 2020 return, so one would assume it would capture the deferment. However, it is not, and I don’t even see a place to install it. The worksheet does indeed show the total 2020 IRA distribution amount.
We had another 401K distribution this year. So am I just supposed to add last year’s deferred amount to the 2021 distributed amount (1040, line 4b)?
Why is TT2021 not picking up the 8915E filed with TT2020 automatically?
