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Retirement tax questions
@SHS77JJ @cedavis2nd @hensleywedding2016 @rpollock87 @amao
My update regarding this frustrating exercise trying to get someone associated with Turbo Tax to take the time to understand this simple issue.
The rules governing Qualified Disaster Withdrawal amounts have not changed from the $22,000 limit since 2021. This is why the IRS considers the 8915-F a "Forever Form." There have been no changes. The only issue is that the Turbo Tax application generates an error message when you check the calendar year 2024 box on Line B of the 8915-F (the year the disaster occurred), preventing the return from being electronically filed.
However, it will allow you to check 2024 on Line A and 2023 on Line B. Therefore, on my 8915-F, I checked the 2023 box but entered all the correct 2024 dates for the disaster declaration and the beginning date of the disaster. The tax treatment calculation is correct. No error message was generated. And I was able to file my return electronically (it was accepted by the Feds.)
Good luck