How to file year 2 of COVID earlier withdrawal?

[TaraB22]

It's the end of January 2022 and I've been trying to do my 2021 taxes on the desktop version and incorporate the second year of the three years COVID earlier withdrawal filing. TurboTax doesn't seem to have the been updated to support this scenario yet. Does anyone know the timeframe for when this will get sorted out and added to the system?

[VolvoGirl · Accepted solution]

See this post about the Cares Act

https://ttlc.intuit.com/community/retirement/discussion/pension-taxes/00/2400459

The ability to enter the payment has not yet been implemented in TurboTax. The IRS has not even released the form for it yet.  Once those forms are implemented you will visit the "Retirement" topic in the "Wages and Income" tab.  If you have Forms 1099-R for TY2021 distributions, you can enter them as usual. 

If not, you just select "NO" when asked if you received a 1099-R. 

At either point, you will then be asked about prior year "Disaster Distributions."  Follow the prompts from there to enter the second installment of your distribution.  

[TaraB22]

Very helpful! Thank you 🙂