topic 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 I know the exact amount that will be withdrawn by year end.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? in Retirement tax questions

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 I know the exact amount that will be withdrawn by year end.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 — Fri, 18 Dec 2020 17:50:26 GMT

The program will not let me enter the amount now.

Re: 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 I know the exact amount that will be withdrawn by year end.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?

xmasbaby0 — Fri, 18 Dec 2020 19:26:02 GMT

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

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

Re: 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 I know the exact amount that will be withdrawn by year end.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?

Critter-3 — Fri, 18 Dec 2020 19:32:58 GMT

https://turbotax.intuit.com/tax-tools/calculators/taxcaster/