MarilynG1
Expert Alumni

Retirement tax questions

I tested this in TurboTax Desktop by entering two 1099-R's (splitting the original 1099-R amount), with a different disaster code for each.

 

You're correct that the program didn't generate a second 8915; however, studying the 8915 revealed that it added the two 1099-R amounts together on Line 3 of Part I.

 

So the calculations for tax on one-third of the distribution on Line 13 of Part II are correct.  

 

The net out is that the tax calculations are correct, even though only one disaster code is shown on 8915.  

 

Not sure how this would matter in the long run, unless IRS is tracking how many retirement distributions were taken for a certain disaster, and not sure why they would do that.  As long as the distribution is reported, and tax paid appropriately, that would seem to be the extent of their concern.

 

This is covered in Unsupported Calculations and Situations in the 2024 TurboTax Individual Federal Tax Software Program, item 9.

 

I doubt that this will be covered in any updates for this tax season, so you'll be able to Efile with Form 8915 reporting the correct distribution/tax amounts, with only one disaster code. 

 

@gwayo 

 

 

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