turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

diesel19914
Returning Member

When will form 8915-E be available to report Coronavirus-Related Distributions from IRAs exempt from 10% penalty and to elect to report as income over 3 years?

Any new information on when the update will be available.  I completed my return days ago when I found out the form 8915-E is an issue and I can't file until the update comes!!!

MarilynG1
Expert Alumni

When will form 8915-E be available to report Coronavirus-Related Distributions from IRAs exempt from 10% penalty and to elect to report as income over 3 years?

@diesel19914 Form 8915-E is ready in TurboTax.  Go back to your 1099-R entry and indicate your distribution was 'covid-related' (you or a family member was diagnosed OR were financially impacted).

 

At the end of the section, there is a small box to check if you 'want your distribution taxed this year'.  Don't check the box and TurboTax will automatically split the distribution over three years.  You will see that reflected in the Taxable Amount of your distribution on Form 1040, Line 5b.

 

Click this link for more info on Tax Relief for 2020

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies