Retirement tax questions

Try using the steps below to check your entry for the one that is not being recognized.  The form was released today so you may need to give it a little time.

• For more information about this form use this link: Qualified 2020 Retirement Distributions due to COVID

  • The 10% additional tax on early distributions does not apply to any coronavirus-related distribution. Typically, distributions received from an IRA or retirement plan before reaching age 59 ½ are subject to an additional 10-percent tax, unless an exception applies.

Steps to review in your tax return for this entry:

1. Login to your TurboTax Account 
2. Click on the Search box on the top and type “1099-R”
3. Click on “Jump to 1099-R” you should see the “Your 1099-R Entries” screen and will click "edit"
4. Continue until "Tell us if any of these uncommon situations apply" screen
5. Select "I took out this money because of a qualified disaster (includes COVID-19)"
6. Answer the any question.