When entering my 1099, I am not asked questions related to COVID even though i checked that I took the money out due to covid related issues. Then when I get to the end the message reads "
We Were Unable to Lower Your Tax Bill"
Since you didn't use the money for a special situation that qualifies, we couldn't help you reduce the amount of extra tax you have to pay.
Based on your entries so far, your extra tax bill is $___, or 10% (25% for a Simple IRA) of the money you took out. This number may change as you add more info to your return. |
I'm using Turbotax online. I deleted the 1099 and reentered it but i'm not being asked the covid related questions
