When will Form 8915-E (not F) be available to complete taxes?

[DoninGA]

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@minutemanmath wrote:

Can I get some clarification on this? I already claimed a 1099-R last year, used form 8915e, and elected to distribute the income over 3 years. I do NOT need to amend my 2020 return, and I did NOT take an additional withdrawal in 2021, so I do NOT need to file an 8915f for my 2021 return.

My question is how do I report that distributed income on my 2021 return? Is the IRS going to send out a form? Should I just manually enter the amount from line 5b on my 1040 for this year?

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The new IRS Form 8915-F is used to report the distribution in 2021 and in 2022.  So you will need to report the distribution for 2021 in the same section as entering a Form 1099-R.  The questions concerning the distribution are not yet included in the section.  TurboTax does not have the Form 8915-F finalized for including in the program.

[minutemanmath]

Thank you! So, even though I did not receive a distribution in 2021, I still report it as if I did because last year I elected to spread it over three years? Do you happen to know if the IRS sends out a form like the 1099-R to let us know how much income to report or are we expected to use our tax forms from 2020 to find the proper amount?

[DoninGA]

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@minutemanmath wrote:

Thank you! So, even though I did not receive a distribution in 2021, I still report it as if I did because last year I elected to spread it over three years? Do you happen to know if the IRS sends out a form like the 1099-R to let us know how much income to report or are we expected to use our tax forms from 2020 to find the proper amount?

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No the IRS does not send you any type of Form 1099-R for the distribution. 

When the form is available in TurboTax you will be asked to provide the information from the Form 8915-E that was used in tax year 2020.  If you transferred your 2020 tax data to the 2021 tax return when you started the 2021 return, the information from the 2020 8915-E will also transfer.  So this should be a (hopefully) easy procedure for reporting the 2021 distribution.

[minutemanmath]

Okay, thank you again!