When will Turbotax be able to apply Covid-19 disaster early withdrawal penalty exemptions? It just says to check back "later".

[richaellis]

I entered my 1099-R.  Now Turbotax shows I owe the penalty fee.  When I tried to enter the Covid-19 early withdrawal penalty waive, it says that Turbotax is not ready to process these withdrawals and to check back later.  Like, tomorrow, next month, next year?  Should I just file manually instead of electronically?  What is everyone else doing about  waiving the fee who had to take a hardship withdrawal because of Covid?

[Opus 17]

No one knows and the IRS isn't telling. You can check this FAQ, https://ttlc.intuit.com/community/forms/help/irs-forms-availability-table-for-turbotax-individual-pe...

Right now the form you need for this, 8915-E, is not listed, because the IRS has provided no guidance to Turbotax as to when to expect the form.  

In the meantime, I would delete the 1099-R completely, and re-enter it when the program is ready, just to avoid any glitches. 

[Simbaeyez42]

OK...so form 8915-E and its instructions are available on the IRS.gov website, but Turbo Tax still isn't up-to-date.  The following links show the forms being available as well as how e-file providers should be able to include the information with their e-file to prevent having to file a paper return.  So my question is, when are we going to be given this option by TurboTax or should I just get a refund from TurboTax and do a paper return myself.  I really don't want to wait forever to file my return.  Does TurboTax know when the updated form and instructions will be updated in their tax program?

https://www.irs.gov/forms-pubs/about-form-8915-e

https://www.irs.gov/forms-pubs/alternative-filing-method-for-e-filed-returns-that-include-form-8915-...

Please advise.

[Opus 17]

If you click the link to the FAQ I posted above, it has been updated to show that the forms are expected to be ready in Turbotax on 2/24.  You can also use the link in the FAQ to sign up for notifications.