Should I expect another 1099r this year or use the one from last year?I took a CARES 401k withdrawal in 2020 . I am reporting it as income over a 3 year period.

[MaryK4 · Accepted solution]

No, you will not get another 1099-R in 2021 for the distribution you did in 2020.  If you elected to use the three-year tax and used Turbo Tax last year, your information will be in the program.  

To find it, go to IRA, 401(k), Pension Plan Withdrawals (1099-R) 

Did you get a 1099-R in 2021? NO

Have you ever taken a disaster distribution before 2021? YES

and continue through the interview.

[jl3819]

Thank you for your response! I found the area you were referring to. Unfortunately, it says “IRS instructions related to disaster distributions weren’t ready in time for us to include them in this release. Please revisit this area later” 

[Critter-3]

Yep ... that section of the program is not going to be ready anytime soon ... the IRS has not released the form 8915-F yet ... expecting it mid March. 

[jl3819]

Thank you! I’ll keep checking back! 

[Jl63]

I followed your instructions and answered all the questions- No - I didn’t get a 1099-R in 2021, yes - I took a disaster distribution before 2021, I entered the qualified Disaster Distribution reported in 2020 and the repayments made, no- I took no other disaster distributions. When I wrap up my income, it asks me if I took a disaster distribution between 2018-2020, when I answer yes, it tells me to visit the form 1099- R  and the loop starts over.  What am I supposed to do? Say yes I got a 1099-R in 2021? And use all the info from the 2020 1099-R  I’m confused! 

[jl3819]

It did the same thing to me- but I think I just looped around again and finally completed it if that makes sense? I followed the prompts & TT filled in my 1099R info from the previous year 

[MrsG2]

HELP! I have tried talking to customer service and no help. I keep getting looped around with no end in sight. What can I do?

[ColeenD3]

No, you do not get a new 1099-R. You did not have a distribution. No, you do not re-enter a 1099-R as it does not apply to this year. You will still go that section. When asked if you have a 1099-R, answer no. Then you will be asked if you made a disaster-related retirement distribution, answer yes. 

Follow these steps to enter your information. It is taking a while to get the availability for the form.

 Follow these steps to report any further tax to be paid:

1. Login to  TurboTax 
2. Click on the Search box on the top and type “1099-R”
3. Click on “Jump to 1099-R”
4. If you do not have any 2021 1099-R answer "No" to "Did you get a 1099-R in 2021?"
5. Answer "Yes" to the "Have you ever taken a disaster distribution before 2021?" screen.

You will be guided through the screens.

[kjdavis38]

In the section asking about the 8915e there are two line 9 sections. Do I only populate one of them? Also when I do get through all the questions it keeps showing theat section needs review. Also if I go all the way through, the 8915f is not included on my tax forms.

[DoninGA]

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@kjdavis38 wrote:

In the section asking about the 8915e there are two line 9 sections. Do I only populate one of them? Also when I do get through all the questions it keeps showing theat section needs review. Also if I go all the way through, the 8915f is not included on my tax forms.

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Yes, you enter the 2nd year amount of the 2020 Coronavirus-related distribution in both sections for Line 9.  This will add the amount on your federal tax return Form 1040 Line 5b as taxable income.  If you follow the procedure you should not get a message that this needs a Review.  The Form 8915-F will be included in the 2021 tax return after completing this section of the program.

You must go to the Retirement Income section of the program for a Form 1099-R to be able to enter your 2nd year of the 2020 distribution -

Click on Federal

Click on Wages & Income

Scroll down to Retirement Plans and Social Security

On IRA, 401(k), Pension Plan Withdrawals (1099-R), click on the Start or Revisit button

On the screen Did you get a 1099-R in 2021? Click on NO, if you did not receive a 2021 Form 1099-R in 2022

Answer Yes when asked Have you ever taken a disaster distribution before 2021?

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

In the box 2020 Form 8915-E, line 4, column b - Leave blank or enter a 0

This is not required on a Form 8915-F for a Coronavirus-related distribution

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

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

2020 Form 8915E, line 9, if you checked the box on that line, enter 0

2020 Form 8915E Line 9 

If the 2020 distribution was from an IRA account

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

2020 Form 8915E, line 17, if you checked the box on that line, enter 0

2020 Form 8915E Line 17 

Do not enter anything in the other boxes, leave them blank (empty)

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

After completing the Wages & Income section you will land on a screen Did you take a disaster distribution at any time between 2018 and 2020?

Answer NO since you have already completed the entering the 1/3 of the 2020 distribution.

You can view your Form 1040 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

Using the desktop editions click on Forms.  Open the Form 1040

NOTE - During Federal Review you may get a notice to check an entry.  Clicking Check Entries takes you to the Check This Entry screen showing a box for entering a FEMA Disaster name.  Put your cursor in the box (click in the box) and then click on the spacebar.  Click on Continue  On the following screen Run Smart Check Again click on Done.

The Form 8915-F you completed already has the box for the Coronavirus checked on Item D of the form.

As stated on the Form 8915-F -

If your disaster is the coronavirus, check this box ▶ Don’t list the coronavirus in item C.

[kjdavis38]

Why are there 2 line 9 boxes.  Will they be added together?

[DoninGA]

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@kjdavis38 wrote:

Why are there 2 line 9 boxes.  Will they be added together?

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No, they will NOT be added together.  The Form 8915-F requires an entry for these lines.  Only one amount will be reported on your federal tax return Form 1040 on either Line 4b or Line 5b depending on the type of retirement account was used for the 2020 distribution.  This is taxable income and will be added to your other taxable income and taxed at your current tax rate.

[kjdavis38]

the ira 401k section still is showing needs review

[LeonardS]

No, you will not receive another 1099-R.