See IRS Pub 590B https://www.irs.gov/publications/p590b
[quote]
"Disaster tax relief. Recent legislation contains special rules that provide for tax-favored withdrawals from and repayments to certain retirement plans (including IRAs) for taxpayers who suffered economic losses as a result of certain major disasters that occurred in 2018, 2019, and early 2020. See Disaster-Related Relief , later, for information on these special rules. Also see the Instructions for Form 8915-C, Qualified 2018 Disaster Retirement Plan Distributions and Repayments, and the Instructions for Form 8915-D, Qualified 2019 Disaster Retirement Plan Distributions and Repayments, for more information on these special rules."
The IRS has been very slow to produce the new 8916-C form, in fact the draft versions for that form was just posted by the IRS on 6/6/2020 and it will take several more weeks (or months) before that form is made final and then the IRS translates the paper 8915-C form into an electronic "schema" that tax software companies like TurboTax can use to produce compatible electronic - that usually takes a few additional weeks. Only then can TurboTax make the form available in the software.
You can view the draft forms here:
**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.**
