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jen3873
Level 2

Does anyone know when Turbotax will be updated with the correct Cares Act rules for early retirement withdrawals? Thanks.

Meaning no 10% early withdrawal penalty and spreading the taxes over 3 years.
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‎January 25, 2021 3:52 PM
last updated ‎January 25, 2021 3:52 PM
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SweetieJean
Level 15

Does anyone know when Turbotax will be updated with the correct Cares Act rules for early retirement withdrawals? Thanks.

We don't know, since the IRS has not even released its own version of the form yet.  Once it does, it then must approve TT's version (programming) before TT can do so.

‎January 25, 2021 4:27 PM
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