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Why does TURBOTAX apply a penalty for qualified coronavirus-related 401K distributions? I took out the $1,500 because of a qualified disaster (COVID-19) under CARES.
Turbo Tax should have the correct information by now to complete my taxes. I keep seeing this message: You'll need to revisit this area. The IRS instructions related to disaster distributions weren't ready in time for us to include them in this release. Please revisit this area later.
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‎January 23, 2021
8:49 PM