When will the 2020 Turbotax Desktop version/downloaded version, be updated to account for the CARES ACT and 401k/IRA withdrawals?

[Stephen Cosgrove]

When will the 2020 Turbotax Desktop version/downloaded version, be updated to account for the CARES ACT and 401k/IRA withdrawals?

[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.