@Cdickey6 wrote:
does that form come in the mail then the 8915? I obviously can’t do it on turbo tax yet. Do I still fill out my 1099 form from last year?
You do not get anything sent to you in the mail.
Reporting the 2021 CARES act retirement plan distribution for 2020 that gave you 3 years to repay it back to the plan or pay the tax over three years will be part of the 1099-R interview. If you do not have a 2021 1099-R it will ask if you have a 2021 1099-R, if you answer no it will ask if you have 1099-R income - say no and it will then ask if you had a disaster distribution from 2017-2020 - say yes. Currently it will say that the form is not ready yet - check back later.
This will be reported on a new 8915-F form that is still in the draft state at the IRS. Once the IRS finalizes that form the IRS must then write the e-file specifications (schema) for TurboTax (and all other e-file providers) to program from. That usually takes 2-3 weeks after the paper form is finalized.
Most likely he new form will be available sometime in March - well before the April 18 filing date.
The draft forms can be viewed here:
https://www.irs.gov/pub/irs-dft/f8915f--dft.pdf
https://www.irs.gov/pub/irs-dft/i8915f--dft.pdf
**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.**
