Did you take a disaster distribution at any time between 2017-2020?

Forum|Forum|4 years ago
February 6, 2022
32 replies
138 views

I'm assuming this means the COVID distribution that many of us opted to spread out in 3 installments. I seleced "yes" and got this message "You'll need to revisit this area. Unfortunately, IRS instructions related to repayments of disaster distributions weren't ready in time for us to include them in this release. Please revisit this area later" This is precluding me from filing my taxes. Do you have an ETA when these s/b available? Thank you in advance.

MinhT1

Level 15

You will report the second taxable portion of your 2020 coronavirus distribution in the Retirement section under Wages and Income of TurboTax.

However, this section is not yet ready as the IRS has not yet issued instructions for form 8915-F and you'll need to revisit this section later.

Please read this TurboTax Help topic on form 8915-F.

At this time, we do not have information as to when the IRS will release form 8915-F which was still in draft form as of February 2 on this IRS page.

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nicollejoyAuthor

Level 3

Looks like IRS has updated this. When will it be available in the software for the desktop app? I need to file my taxes.

CarissaM

Level 15

You can monitor when the forms will be available in Turbo Tax by clicking here @nicollejoy.

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leo1010

Level 2

Any update ?, unfortunately I already pay for this.

WillyD1st

Level 2

So what happens if one took a disaster distribution in 2020 but opted out of spreading the income over 3 years, is the delay necessary?

jamesalot

Level 2

I've been struggling with this as well. Clarifying question: Is this "disaster distribution" directly related to "retirement plan distributions" as stated on Form 8915?