Coronavirus-Related Distributions

[Paul106]

How do we enter the information in TurboTax to report a Coronovirus Related Distribution over 3 years.

For example, if the 1099-R shows a gross distribution of 9000, how do we claim only 3000 of the distribution for 2020

[PattiF]

The IRS will be releasing Form 8915-E to use with the 1099-R. Here is more information:

CARES Act and 1099-R Withdrawal.

The software has not been updated yet because the form has not been finalized by the IRS. Once the software has been updated, you will be prompted through the form with instructions on how to enter the information.

The IRS has not provided a release date for the form at this time. Use this link IRS Form Availability to watch for when the 8915-E form will be available in the software once the IRS completes it.