I filed my 2020 and 2021 taxes with turbotax. How do I make amendments for these years? I need form 8915-e completed retirement funds coronovirus

[jessegreig]

I spoke with IRS and I need to fill out 8195-E for 2020
Also need to spread total taken out of my retirement over 3 years, so I need to adjust tax returns for 2020 and 2021 which is form 1040-x
Can I complete this with turbotax?
Why does the IRS have to be so confusing?

[DanaB27]

Yes, please see How to amend a tax return for instructions on how to start to amend your 2020 and 2021 tax returns.

For 2020 please follow these steps to enter your 1099-R and trigger Form 8915-E:

1. Login to your TurboTax Account 
2. Click on "Search" on the top right and type “1099-R”
3. Click on “Jump to 1099-R” and enter your 1099-R (if you started this before you should see the “Your 1099-R Entries” screen and will click "edit")
4. Continue until "Tell us if any of these uncommon situations apply" screen
5. Select "I took out this money because of a qualified disaster (includes COVID-19)" 
6. Answer all follow-up questions carefully

For 2021 

1. Click on the "Search" on the top and type “1099-R”  
2. Click on “Jump to 1099-R” 
3. If you do not have any 2021 1099-R answer "No" to "Did you get a 1099-R in 2021?" (If you have any other 1099-R then enter all 1099-R and after entering your last 1099-R click "Continue" on the “Review your 1099-R info​​​​​​​” screen)
4. Answer "Yes" to the "Have you ever taken a disaster distribution before 2021?" screen
5. Answer "Yes" to "Did you take a 2020 Qualified Disaster Distribution?"
6. Check the box next to "If this was a Coronavirus-related distribution reported in 2020 check here" and enter your information.

Please verify that you check the box next to "If this was a Coronavirus-related distribution reported in 2020 check here". Also, make sure you enter the amount from Form 8915-E, line 9 twice (if it was not from an IRA) or enter the amount from Form 8915-E, line 17 twice (if it was from an IRA). This amount should be 1/3 of your 2020 COVID distribution.

Those who qualify as individuals directly impacted by the pandemic will be able to withdraw up to $100k from their retirement accounts without facing the 10% early withdrawal penalty.

You qualify if:

• You, your spouse, or your dependent are diagnosed with COVID-19
• You experience adverse financial consequences as a result of being quarantined, furloughed, or laid off or having work hours reduced because of COVID-19
• You’re unable to work due to child care closure or hour reduction because of Covid-19
• You experience adverse financial consequences as a result of closing or reducing hours of a business that you own or operate due to SARS-CoV-2 or COVID-19.

You can choose to have the distribution taxed over 2020, 2021, and 2022 instead of only in 2020. You’ll have three years to pay back the funds you withdrew, without the amount impacting that year’s cap on contributions. If you pay back the amount within that time, you’ll be able to claim a refund on those taxes paid when you file an amended tax return. Please see IRS Coronavirus-related relief for retirement plans and IRAs for more details.

[fanfare]

dividing by 3.0 is optional.

whether you want to do that depends on the tax brackets involved and how much of a hassle you want amending your 2021 tax return to pay more tax  and paying more tax in 2022

basically it's just easier to not divide by 3.0

@jessegreig 

[fanfare]

Where you affected by COVID-19 in 2020?

If NO, you don't use Form 8915-E.

@jessegreig