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How are Cares Act 2021 IRA distributions for hardship entered into Turbo Tax?

 
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ColeenD3
Expert Alumni

How are Cares Act 2021 IRA distributions for hardship entered into Turbo Tax?

There are no Cares Act distributions for 2021. This expired December 31, 2020.

 

C. Definition of coronavirus-related distribution Section 2202(a)(4)(A) of the CARES Act defines a coronavirus-related distribution as any distribution from an eligible retirement plan made on or after January 1, 2020, and before December 31, 2020, to a qualified individual. Section 2202(a)(2) of the CARES Act limits the amount of aggregate distributions 6 from all eligible retirement plans that can be treated as coronavirus-related distributions to no more than $100,000. IRS COVID

 

 

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