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Level 3
February 7, 2022
Question

Did receive any distributions from a retirement plan after 2018?

  • February 7, 2022
  • 1 reply
  • 0 views

Hi: I'm almost done with my tax's but i have a question on :Did  receive any distributions from a retirement plan after 2018? Ok wife took all her 401k 2020 because on the  Covid 19 Pandemic shut down, but we pay tax's on it with her took out the money and on her tax's. my question  how do i answer this question on TurboTax for credits? I also receiver a Pension plan since 2002 every month receiver a pension check. my understanding my pension is a cash out!

 

1 reply

DaveF1006
Level 15
February 7, 2022

It depends. To clarify:

  1. Did you initially report 1/3 of the distribution last year and is trying to report the second 1/3 distribution this year and then the final 1/3 next year?
  2. If so, the 8915-F form is not available to report the second 1/3 distribution this year. The form has  been released by the IRS but it needs to be incorporated into the Turbo Tax program. The team is working diligently to make tis available as soon as possible.

[ Edited 02/07/22|01:11 PM PST]

 

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joe858Author
Level 3
February 7, 2022

need to understand so that mean everything i done with turbortax premier is no good i have to start over? or can i switch to home and business software? wow I'm also most done with my tax's what now?

joe858Author
Level 3
February 7, 2022

thanks I'm done!!!