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New Member
posted Feb 18, 2021 12:14:34 PM

Can't seem to get access to 8915E (401k 10% early withdrawal penalty forgiveness)

Hi,
I'm using Self-employed version to file taxes electronically. I qualify for 10% early 401k withdrawal penalty forgiveness, but can't seem to find the 8915-E form in online version.

After uploading 1099-R, it takes additional 10% penalty on top of taxes.

Any help will be greatly appreciated.
Thank you.

0 5 1863
1 Best answer
Expert Alumni
Feb 18, 2021 12:27:31 PM

You will report this on a Form 8915-E.  On February 11th, the IRS finalized the Form 8915-E for retirement plan distributions under the CARES act.  The form will be available on TurboTax for efile approximately February 24th. 

  

 Please sign-up here and we will email you once the form is live.

 

In the mean time, you can make sure you are eligible for the provision here - Coronavirus Relief

5 Replies
Expert Alumni
Feb 18, 2021 12:27:31 PM

You will report this on a Form 8915-E.  On February 11th, the IRS finalized the Form 8915-E for retirement plan distributions under the CARES act.  The form will be available on TurboTax for efile approximately February 24th. 

  

 Please sign-up here and we will email you once the form is live.

 

In the mean time, you can make sure you are eligible for the provision here - Coronavirus Relief

Level 2
Mar 17, 2022 1:47:52 PM

March 17th and still no form

Expert Alumni
Mar 17, 2022 2:04:41 PM

Form 8915-E is not included in 2021 Turbo Tax. It has been replaced by form 8915-F.

 

@dkochert3Form

Level 2
Mar 17, 2022 3:53:28 PM

Why won't 8915F appear then when I get to that section.  Has it been released by turbo yet, looks like IRS has it done

Level 15
Mar 17, 2022 4:04:07 PM


@dkochert3 wrote:

Why won't 8915F appear then when I get to that section.  Has it been released by turbo yet, looks like IRS has it done


Form 8915-F, Qualified Disaster Retirement Plan Distributions and Retirements is scheduled to be available in TurboTax on 03/24/2022

Go to this TurboTax website for IRS forms availability - https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html