Retirement tax questions


@peter1770 wrote:

Hi, I took out a coronavirus-related 401k early distribution in 2020 under the CARES ACT and decided to spread the taxes over 3 tears.  What steps do I follow when filling my 2021 taxes on Turbo Tax to report this 401k distribution?  I know when filing my taxes in 2020 I had to submit Form 8915-E.  Does this form need to be submitted again in 2021?  


There is a new IRS Form 8915-F that is used for this purpose.  The IRS has not yet finalized the form or the instructions for the form.  It will be available in TurboTax after the IRS finalizes the form and instructions and approves the TurboTax software Form 8915-F.  It may not be available until sometime in March 2022.

 

See this TurboTax support FAQ for the Form 8915-F - https://ttlc.intuit.com/community/retirement-tax-credits-and-deductions/help/what-is-form-8915-e-qua...