Does anyone know if Iowa has conformed with Fed for allowing a Coronavirus Related Distribution to be included in income over a three-year period? I am entering my info into Turbo Tax online and it appears to be calculated correctly using the three-year period for Fed but for my IA return it appears to be including it as a lump sum only. Is this correct or is there a Turbo Tax update required to properly align the state returns with the Fed return? Thanks for any help you can offer.
