DaveF1006
Expert Alumni

Retirement tax questions

No, I asked the question about if you received a 1099R because I wanted to prescribe an exact sequence of steps for you to take. Here is the exact sequence of steps that I want you to follow to make sure you report this correctly and generate a 8915F in your 2021 return.

 

  1. Go to federal>wages and income>all income
  2. Retirement plans and Social Security>show more 
  3. Ira (401K), pension plan Withdrawals(1099R) Start
  4. Have you ever taken a disaster distribution before 2021 yes
  5. Next screen will ask for information from your 8915 E form from your 2020 return.  You must have a copy of this to complete this section.
  6. First of all, check the box that asks if this was a Corona Virus Distribution.  
  7. Now go to the section that says Qualified 2020 Disaster Distributions From Traditional, SEP, SIMPLE, and Roth IRAs. Enter the amount in Box 17 that is on the 8915E. Make the entry in the first line.
  8. Next asks Did XXX repay any 2020 Qualified Disaster Distribution in 2021? Here record the repayment amount you made in 2021.
  9. Finish out the section. 
  10. I have included a screenshot for reference.  be sure to check the box that says this is a Coronavirus distribution.
  11. Let me know if this helps.

 

 

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