Right now this is the message I see "The IRS instructions related to disaster distributions weren't ready in time for us to include them in this release. Please revisit this area later"
The Coronavirus-related relief measures for retirement plan distributions have to be reported on form 8915-E which has not yet been finalized by the IRS. No date has been given by the IRS for the finalization of this document.
TurboTax will update this section after the IRS releases the final version of form 8915-E and its instructions. Please revisit this section at a later date.
No, there's no update yet.
The IRS has not yet released its final version of the form, but you can sign up here to receive a notification email once it becomes available.
Taxpayers will use Form 8915-E if they were adversely affected by a qualified 2020 disaster and received a distribution that qualifies for favorable tax treatment.
IRS Form 8915-E: Qualified 2020 Disaster Retirement Plan Distributions and Repayments, which is used for COVID related early distributions, is expected to be released by the IRS on 2/24. We will work to get it incorporated as soon as possible.