Why isn't Turbo tax allowing me to divide my covid withdrawal over 3 years?

[nappydrew]

As noted by macuser_22 , the form (8915-F) IS readily available, in print-format. You are spreading incorrect information.

[Don38]

When will Form 8915-F be available in the Premier version of TurboTax?

[DoninGA]

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@Don38 wrote:

When will Form 8915-F be available in the Premier version of TurboTax?

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Form 8915-F, Qualified Disaster Retirement Plan Distributions and Retirements is scheduled to be available in TurboTax on 03/24/2022

[Don38]

Form 8915-F is available!  Why isn't it available in the Premier version of TurboTax?

[SweetieJean]

@Don38 It cannot be released until the IRS approves TT's programming of it.

[mcbishop17]

And exactly when is that going to be?  This is the first time I've had to wait for this long to file my taxes...  pretty aggravating to say the least

[nappydrew]

It says 3/24 on TurboTax list of forms...

[macuser_22]

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@nappydrew wrote:

It says 3/24 on TurboTax list of forms...

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And that means anytime on 3/24 before  midnight pacific time.    Updates are usually one late at night so don't expect it first thing in the morning.

[nappydrew]

The form (8915-f)  is now available on TurboTax, FYI.

[mcbishop17]

Now I'm trying to fill out my taxes since the form is now available. 

Since the withdrawal was from 2020, I did not receive a 1099-R in 2021.

How do I enter any information about the withdrawal being split over 3 years if the only 1099-R I have is from 2020?

Also, the amount should have been divided up into 3 parts, but on the page where it shows my income comparison for 2020 & 2021, the full amount of the withdrawal shows under 2020.  Shouldn't it just be 1/3 of the amount over 2020, 2021, & 2022?

[DoninGA]

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@mcbishop17 wrote:

Now I'm trying to fill out my taxes since the form is now available. 

Since the withdrawal was from 2020, I did not receive a 1099-R in 2021.

How do I enter any information about the withdrawal being split over 3 years if the only 1099-R I have is from 2020?

Also, the amount should have been divided up into 3 parts, but on the page where it shows my income comparison for 2020 & 2021, the full amount of the withdrawal shows under 2020.  Shouldn't it just be 1/3 of the amount over 2020, 2021, & 2022?

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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

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

[mcbishop17]

Thank you!

[Firecow1]

I answered the following:

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

I then add the numbers in

Then I get Did you take a disaster distribution at any time between 2018 and 2020.  I click on the Yes, that occurred in the 2020. 

and then I get this screen where it redirects me to the 1099 area.

I have clicked through it 5 times and it just keeps doing the same thing.  

When I get to Here is a picture of your 2021 income, it shows the Pensions - taxable and non taxable for 2020 and for 2021 it says 0, so I know it isn't writing this information to the appropriate form.  How do I fix it.

[DoninGA]

@Firecow1 

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.

[Firecow1]

Thank You!  That worked!!