Retirement tax questions

Yep!  Me too.  I decided to start fresh with a new return to make sure any calculations were correct regarding COVID related withdrawals from a retirement account.  I had previously read to divide the amount by 3 to pay the taxable income over a 3 year period, but now that TurboTax is updated for COVID and the CARES Act, you can now input the full amount of your 1099-R and go through all the COVID questions, including the option to pay the taxes in full for 2020, or split them evenly over a 3 year period.

 

One thing I saw in the comments is that self-employed people affected by COVID should wait until after March 11 because there is another COVID related form that should be live in TurboTax after March 11, once the IRS finalizes that form.