Covid retirement withdrawal appears on my 2023 taxes

[Cormachsmith]

I started my 2023 return and was shocked when it told me I owe about $10K. My return is automatically including the amount of the Covid withdrawal I divided over the last 3 years. That should not be on there for 2023. I finished paying those taxes last year. I don’t see any way to remove it from my reported income. Does anyone know how I can fix this?

[DoninGA]

The Form 8915-F Worksheet and the Form 8915-F along with the Form 1099-R were transferred from the 2022 tax return and need to be deleted.  There may also be a "Qualified Disaster Retirement Plan Distributions" and/or a "2020 Disaster Distribution" form listed that has to be deleted.

If you are using the TurboTax desktop CD/Download editions installed on your personal computer, click on Forms.

When in Forms mode locate these forms on the left side of the screen.  Click on the form to open each one and at the bottom of the screen click on Delete Form

[Cormachsmith]

Thanks, but I’m using the iOS app on my iPhone. I don’t see it under Documents on the app. Im tapping the Documents icon at the bottom.

[DoninGA]

Deleted

[DoninGA]

Sorry for the other post...I deleted it.

Click on Tax Tools on the left side of the online program screen

Click on Tools

Click on Delete a form

[Cormachsmith · Accepted solution]

So, after about 2.5 hours on the phone with a guy from Turbo Tax, it turns out that the Turbo Tax product is not yet ready to properly handle people who had an 8915F form last year. So, if you took out a Covid disaster withdrawal in 2020 and paid all the taxes in the 3 years since, then your amount of taxable income you reported last year is going to pull forward into your return for this year. You can't delete the forms or find any other way around it that does not constitute fraud.

It's going to take a few weeks, but Turbo Tax is going to add a question that will ask if you have paid all the taxes on your Covid withdrawal over the last 3 years. Once that question is in there, you can answer it correctly and your income will be recalculated without the value from the previous year. So, we just have to wait. Of course, they can't tell us when it might be ready. The IRS has already published the forms, as of 1/3/24. So, it's better than previous years. The tax pro I talked to made a guess of maybe mid February to try again and see if the question is there.

Hope this helps other people facing the same shocking amount of reported tax due.