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The IRS has a new Form 8915-E for COVID-19 related retirement account withdrawals. This form has not been finalized by the IRS for filing with a 2020 federal tax return. The IRS has not announced when this form will be available. Once available it will be included in the TurboTax software.
We estimate the form may be available sometime in February.
Form 8915-e is now available on the IRS website as of 2/11/21. How long before you guys update?
The IRS has to first approve TT's version (programming) of the form. The current ETA is Feb 18.
Turbotax indicates February 24, and that the form will be e-filable.
However, be aware that updates are sometimes applied in the evening rather than the morning.
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