buzzaccount
Returning Member

Get your taxes done using TurboTax

These are the steps that I followed that worked....

 

 

 

 

Hi buzzaccount,

 

DoninGA (Level 15) posted a new reply in Get your taxes done using TurboTax on March 28, 2022 8:45 AM:

 

 

Re: Disaster Distribution

 

@buzzaccount wrote:

I downloaded the latest TT updates today 3/28/22 but the 2019 COVID Form 8915-F is still not available in TT but was supposed to be available 3/24/22.  What is the delay??  I want to get my taxes done now!!!

Click on Forms.  When in Forms mode click on Open Form in the upper left of the screen.  Type in 8915-F.  The form should be selectable.

 

To complete the Form 8915-F -

 

You must go to the Retirement Income section of the program for a Form 1099-R to be able to enter your 2nd year of the 2020 distribution -

Click on Federal Taxes (Personal using Home & Business)

Click on Wages & Income

Scroll down to Retirement Plans and Social Security

On IRA, 401(k), Pension Plan Withdrawals (1099-R), click on the Start or Update button

On the screen Did you get a 1099-R in 2021? Click on NO, if you did not receive a 2021 Form 1099-R

 

If you had a Covid-19 related distribution in 2020 and selected to spread the distribution over 3 years -

 

Answer Yes when asked Have you ever taken a disaster distribution before 2021?

Answer Yes when asked if you took a Qualified 2020 Disaster Distribution

Check the box that this was a Coronavirus-related distribution reported in 2020

 

In the box 2020 Form 8915-E, line 4, column b - Enter a 0

 

If the 2020 distribution was from an account that was Not an IRA

2020 Form 8915E Line 9 - Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 9

If the 2020 distribution was from an IRA account

2020 Form 8915E Line 17 -  Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 17

 

Do not enter anything in the other boxes, leave them blank (empty)

 

The 1/3 of the amount from the 2020 distribution will be entered on the 2021 Form 1040 Line 4b if from an IRA or on Line 5b if from a retirement plan other than an IRA