@fuadada wrote:
I downloaded 2020 turbotax today morning and completed all requirements but it was keep asking me about my RMD value for IRA & 401K plans......means Turbotax is not updated to includes CARES Act requirements in accordance with IRS notice 2020-51. Requested to update Turbotax as soon as possible
Since there was NO RMD requirement for IRA's and 401 type plans, yu must answer the RMD question by choosing "NONE of this distribution was a RMD" because it was not. Then it will go to the screen for rollovers.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
