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Retirement tax questions
@nicollejoy wrote:
There has been no change to the downloaded software. Please advise when the software that's downloaded will be able to correct the tax rate and remove the penalty for 401k withdrawals due to COVID 19 hardship. I updated my software and no changes. This really needs to be fixed.
The Form 8915-E was released as a software update for the TurobTax desktop editions on 02/26/2021
Update your software.
If your software is indicating it is up to date and you are using a Windows PC, use a manual update.
Go to this TurboTax support FAQ for a manual update for Windows - https://ttlc.intuit.com/community/updating/help/manually-update-turbotax-for-windows-software-basic-...
Delete the Form 1099-R and re-enter manually. The following screens will ask if the withdrawal was due to Covid-19.