Ialnyien
Returning Member

Any idea when Turbotax will update with the COVID 401k withdrawal exemption?

Essentially as the title.  My wife was laid off, had to pay for childcare once she went back.  Took a small distribution (nowhere near the max!).

 

I'm trying to put together everything for filing, but there's no current option to avoid the 10% withdrawal penalty in the current version.

 

Getting frustrated, almost feel as though Turbotax is going to take advantage of the new filing start date to not release this stuff in a timely manner.