Cares Act Covid-19 distribution from 401k 2020 broken up over 3 years (2020, 2021, 2022) Did not receive a new 1099-R for 2021. Turbo tax doesn't ask for info for this?

[xwillyumx]

Yes, I am having the exact same issue. Glad I'm not the only one

[DoninGA]

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@xwillyumx wrote:

Yes, I am having the exact same issue. Glad I'm not the only one

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Did you go through the Retirement income section of the program?

If you had a Covid-19 related distribution in 2020 and selected to spread the distribution over 3 years -

Answer No when asked if you received a Form 1099-R in 2021, if you did not receive the form

Answer Yes when asked if you took a disaster distribution

Answer Yes when asked if you took a Qualified 2020 Disaster Distribution

Check the box that this was a Coronavirus-related distribution reported in 2020

2020 Form 8915E, line 4, column b - Enter a 0

If the 2020 distribution was from an account that was Not an IRA

2020 Form 8915E Line 9 - Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 9

If the 2020 distribution was from an IRA account

2020 Form 8915E Line 17 -  Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 17

The 1/3 of the amount from the 2020 distribution will be entered on the 2021 Form 1040 Line 4b if from an IRA or on Line 5b if from a retirement plan other than an IRA

[esmango]

Why enter a 0 for Line 4 B? 

[Anonymous]

Why do we enter 1/3 of the amount from the forms? Turbotax doesn't as for us to do that, they just say to enter the amounts from the 8915-E form and doesn't mention entering 1/3 of the amount. Figured that was all done by their system, it did take them months to get this form ready so I would hope this is built in

[Rennaegade]

I did it through TurboTax but it kept asking me for a FEMA name even tho it was Covid. It also didn’t change what I owed. Then once I filed I looked at the paperwork and it specifically says on the 8915F to not fill in C but to check off D if it’s Covid. So I have no idea why TurboTax wouldn’t allow that. Hopefully it doesn’t matter because the amount in line 15 is correct. Anyone having the same issue? 

[kl904]

I am seeing the same thing with the FEMA name error. I have no idea what to do. I just want my taxes to be done!

[DoninGA]

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@kl904 wrote:

I am seeing the same thing with the FEMA name error. I have no idea what to do. I just want my taxes to be done!

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Another user posted they just clicked on the spacebar when the cursor was in the name box and then just continued on without a problem.

[Rennaegade]

I submitted it anyway. It shouldn’t matter and I’m sure I won’t be the only one who wrote Covid-19 for the FEMA name smh 

[FloridaJo]

Yes. I wouldn't let me file until I put 0 in Advanced Credits, and 
'coronavirus' in the disaster name.  So I did and filed it that way.

I doubt the filing will be adversely affected for doing that.

[Rennaegade]

When they did that, does their actual tax forms show box D checked off? Mine doesn’t 

[Rennaegade]

Yeah same here. I submitted it anyway. As long as the amount you’re claiming is correct it shouldn’t matter right lol at least I hope not 

[TCABarry]

Are we sure it's 0? Because the line says a ## based on the tax return, last year.

Im holding off filing until we get some more details on this. 

[Dorknut]

I opted to repay this tax over three years but I don't have have a 8915E form on my 2020 tax return in TurboTax. Any suggestions?

[DaveF1006]

It depends. You may have unknowingly paid for the entire distribution and not realize it. Check your 2020 1040 form to see if there is a difference between Boxes 4A & 4B if an IRA distribution or Boxes 5A & 5B if a 401K distribution. If no difference, then you may have been taxed for the entire distribution and not realize it.

There should be a 8915-E form if this was done correctly in your 2020 return.

@Dorknut

[Dorknut]

what if there is nothing in my 2020 1040  4a -4b or 5a-5b sections and I don't have a 8915-e?