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Get your taxes done using TurboTax
I started entering my tax information BEFORE March 24, 2021, when Turbo Tax said they would make the new 8915-F available for Pension/401K Distribution in 2020. I had the same issue where Turbo Tax recognized my 1/3 Pension/401K in year 2020, but kept applying the remaining 2/3's to year 2021. I went over the instructions by the EXPERTS on this thread SEVERAL TIMES, and could never get the 2021 to show 1/3 of the total Pension/401K Distribution I took in 2020. If you have the same problem FIRST, do the instructions given by the EXPERT on this Reply Thread. Then look at a copy of your returns (Print Copy menu on TT) and look at line 5b on your 1040 Form. Is the amount 1/3 of your Pension Distribution taken in 2020? If so, then you're okay to proceed. If it remains at 2/3 the amount of your 2020 Pension Distribution AFTER you followed the EXPERT's instructions like I did, then the only solution I found is to START A NEW RETURN and re-enter all your information. This worked for me. I suspect that those people (like me) who started their returns BEFORE form 8915 was updated in Turbo Tax (March 24???), then there's a possible bug in the system which applies 2/3 of the Pension Distribution to your 2021 Return, rather than the 1/3. I suspect if you entered in your info AFTER the form has been updated (after March 24/28th???), then you didn't encounter the problems the rest of did and your issue is following the instructions given by the EXPERT on this thread. Hope this helps out everyone