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Retirement tax questions
It is being prepared for release and it should be today. Continue to check your return.
Form 8915-E: Qualified 2020 Disaster Retirement Plan Distributions and Repayments, which is used for COVID-related early distributions, will be ready for e-file. It was recently moved out of the draft form by the IRS.
- For more information about this form use this link: Qualified 2020 Retirement Distributions due to COVID
Steps to review in your tax return for this entry:
- Login to your TurboTax Account
- Click on the Search box on the top and type “1099-R”
- Click on “Jump to 1099-R” you should see the “Your 1099-R Entries” screen and will click "edit"
- Continue until "Tell us if any of these uncommon situations apply" screen
- Select "I took out this money because of a qualified disaster (includes COVID-19)"
- Answer the any question.
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February 25, 2021
9:32 AM