@ljt96 wrote:
macuser_22 Thanks for your reply. Confused though about "The current version supports the 1099-R in the interview." When I try to enter a 1099-R in the Interview IRA, 401K, Pension Withdrawls I still get the message that it isn't ready and to check back later and kicks me back to Wages & Income page. I did check to make sure version was up to date [number removed]).
Part of the 1099-R is not complete of you had a COVID-19 related distribution.
CARES Act retirement plan COVID-19 related distributions can be paid back over 3 years or the tax spread over 3 years.
That is reported on a new 8915-E form that is not yet available and there is no estimated release date since the form is still in the draft state at the IRS. There is no telling how long it will take the IRS to make the electronic form available. Typical it takes the IRS 2-4 weeks to release the electronic form specifications after the paper version is released. e-file providers must program from the electronic specifications.
The draft paper form is here:
https://www.irs.gov/pub/irs-dft/f8915e--dft.pdf
https://www.irs.gov/pub/irs-dft/i8915e--dft.pdf
Also to see if you qualify for a COVID-19 related distribution see:
https://www.irs.gov/newsroom/coronavirus-related-relief-for-retirement-plans-and-iras-questions-and-...
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
