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TurboTax did not put my second year of COVID early distribution on my taxes this year. 1/3 of the total distribution was on line 5b of the front page last year. Help.

 
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MayaD
Expert Alumni

TurboTax did not put my second year of COVID early distribution on my taxes this year. 1/3 of the total distribution was on line 5b of the front page last year. Help.

Form 8915-F is used to report a disaster-related retirement distribution, and any repayments of those funds. It also allows you to spread the taxable portion of the distribution over three years, if needed and report prior year distribution amounts which are to be taxed in 2021.

Form 8915-F replaces Form 8915-E and won't be available until 03/31/2022. Federal Individual Form Availability

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4 Replies
MayaD
Expert Alumni

TurboTax did not put my second year of COVID early distribution on my taxes this year. 1/3 of the total distribution was on line 5b of the front page last year. Help.

Form 8915-F is used to report a disaster-related retirement distribution, and any repayments of those funds. It also allows you to spread the taxable portion of the distribution over three years, if needed and report prior year distribution amounts which are to be taxed in 2021.

Form 8915-F replaces Form 8915-E and won't be available until 03/31/2022. Federal Individual Form Availability

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

TurboTax did not put my second year of COVID early distribution on my taxes this year. 1/3 of the total distribution was on line 5b of the front page last year. Help.

**bleep**! Looks like I'll be filing very late this year! 😛 Thank you for the info!

TurboTax did not put my second year of COVID early distribution on my taxes this year. 1/3 of the total distribution was on line 5b of the front page last year. Help.

All I keep getting is a notification: “You’ll need to revisit this area later. Unfortunately charges related to disaster disbursement isn’t ready.”

I’m trying to do this March 1st… how much longer do I wait?  Two months should have been plenty of time to “update” the forms. 

DianeW777
Expert Alumni

TurboTax did not put my second year of COVID early distribution on my taxes this year. 1/3 of the total distribution was on line 5b of the front page last year. Help.

The changes that have taken place in the last two tax seasons is unprecedented and it's been challenging in every way for the IRS as well taxpayers and software developers.  This form will be used for anyone who chose to take a distribution from their retirement and spread the taxable amount over three years.

 

The IRS did recently take the Form 8915-F out of draft and finalized it for tax year 2021.  TurboTax has the form available on March 31, 2022. Continue to check this link to see if the date changes.

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