- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
As I stated in the procedure -
In the box 2020 Form 8915-E, line 4, column b - Leave blank or enter a 0
This is not required on a Form 8915-F for a Coronavirus-related distribution
-- If you enter an amount the program will give you a Needs Review in the Federal Review section of the program. This is a program bug and has yet to be resolved by the programmers.
You should not receive the "Needs Review" in the Federal Review section if -
You Leave blank or enter a 0 in the box for 2020 Form 8915-E, line 4, column b
If you did Not make a repayment in 2021 for the distribution received in 2020, the 1/3 of the distribution you entered will be reported on your Form 1040 as taxable income on either Line 4b or Line 5b -
If the 2020 distribution was from an account that was Not an IRA
Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 9
2020 Form 8915E, line 9, if you checked the box on that line, enter 0
2020 Form 8915E Line 9
If the 2020 distribution was from an IRA account
Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 17
2020 Form 8915E, line 17, if you checked the box on that line, enter 0
2020 Form 8915E Line 17