Retirement tax questions


@quickquestions wrote:

Hi,

 

So once the e-file is ready on 2/24, Turbo Tax will have a CARES Act checkbox (or yes/no question) in the IRA section, I assume?  Something to indicate that the distribution is COVID related and Form 8915-e will be used?  Currently nothing like that there, so just wanted to confirm.  

Thanks!


Like the rest of us - you will have to wait ans see how TurboTax implements this.  (The online version already has a (was this a disaster related distribution button that only says to wait for the forms).

**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.**