Yes, the TurboTax program has been updated for both Federal and MA.
Here are the steps:
In TurboTax online,
- Sign in to your account and select Pick up where you left off
- From the upper right menu, select Search and type in 1099r and Enter
- Select the Jump to 1099r
- Follow prompt
- On screen," Do any of these situations apply to you?" select the first one related Covid
- Follow prompts
For State,
- To your left, select State
- On-screen, Status of your state returns, under Massachusetts, select Continue
- Follow prompts
- The information from the federal will be transferred over.
For example, if you receive a $90,000 coronavirus-related distribution in 2020, you would report $30,000 in income on your federal income tax return for each of 2020, 2021, and 2022. For federal, you will see $90,000 shown on line 4a for reporting purposes and $30,000 on line 4b as taxable. On MA return, $30,000 will show on line 9 on Form 1.
For more details, click here: Covid Relief
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