Form 8915-F

4 replies
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I forgot to file Form 8915-F in 2021 for my coronavirus hardship in 2020. What do I do now? Do I have to file an amended 2021 tax return and claim that income or can I just add the amount to this year to complete the three years?

fanfareAnswer

Level 15

https://ttlc.intuit.com/community/taxes/discussion/re-e-file-amended-2021-return/01/2860440#M1043442

check this thread which addresses your question.

KrisD15

Alumni - Intuit

It depends.

To clarify, have you (or are you) repaying the distribution?

For the Coronavirus, the repayment period is 3 years and the payments do not need to be equal.

According to the IRS:

At any time during the 3-year period that begins the day after the date you received a qualified disaster distribution, you can repay any portion of the distribution to an eligible retirement plan that accepts rollover contributions. You cannot, however, repay more than the amount of the original distribution. See Repayment of a Qualified Disaster Distribution, earlier, for details.

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Critter-3

Level 15

If you choose to split the distribution over 3 tax years then you MUST amend the 2021 return to add the third required on that return ... you cannot simply add it to the 2022 return.