kwindell
New Member

CARES Act 1099-R Taxes withheld

I withdrew from my 401k under the CARES Act as I qualified for the early withdrawal.  I had Federal and State taxes withheld, and I knew that my total tax bill would be more than what was taken out.  When I enter my 1099-R information, including that the 10% tax was withheld (as the penalty was waived) and TurboTax is still calculating that I owe the 10% tax.  Is there a fix in the works for this or do I need to file this year's taxes with a CPA?