I need to enter my Pension Plan withdrawals so I can estimate my Tax Liability for 2020. I know the exact amount that will be withdrawn by year end. How is it entered?

dcpmcp2018 · ‎December 18, 2020

The program will not let me enter the amount now.

xmasbaby0 · ‎December 18, 2020

The IRS is drafting new 1099R forms. Then the software has to be programmed for them, and the IRS has to test and approve of the software. It is a complex process because of the all the CARES changes. It could even be a couple of months. Meanwhile if you are trying to plan, if you have desktop for 2019 use the what if feature--but it will not have that CARES stuff.

Click on the REVIEW tab to see what form(s) you are waiting for and when it is estimated to be ready (when operational) ...

IRS Forms Availability Table for TurboTax Individual (Personal) Tax Products

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State Forms Availability Table for TurboTax Individual (Personal) Tax Products

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Critter-3 · ‎December 18, 2020

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I need to enter my Pension Plan withdrawals so I can estimate my Tax Liability for 2020. I know the exact amount that will be withdrawn by year end. How is it entered?