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When will program update to include Cares Act Income tax relief form 8915-E for withdrawals from retirements plans?

Withdrawal take from retirement plans due to loss of income due to Covid19 are supposed to be able to be relieved with form 8915-e
4 Replies
Level 15

When will program update to include Cares Act Income tax relief form 8915-E for withdrawals from retirements plans?

The IRS has a new Form 8915-E for COVID-19 related retirement account withdrawals.  This form has not been finalized by the IRS for filing with a 2020 federal tax return.  The IRS has not announced when this form will be available.  Once available it will be included in the TurboTax software.

We estimate the form may be available sometime in February.

Level 1

When will program update to include Cares Act Income tax relief form 8915-E for withdrawals from retirements plans?

Form 8915-e is now available on the IRS website as of 2/11/21. How long before you guys update? 

Level 15

When will program update to include Cares Act Income tax relief form 8915-E for withdrawals from retirements plans?

The IRS has to first approve TT's version (programming) of the form.  The current ETA is Feb 18.

Level 15

When will program update to include Cares Act Income tax relief form 8915-E for withdrawals from retirements plans?

Turbotax indicates February 24, and that the form will be e-filable.

https://ttlc.intuit.com/community/tax-topics/help/why-am-i-getting-getting-a-10-penalty-on-my-1099-r...

However, be aware that updates are sometimes applied in the evening rather than the morning. 

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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