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david-conger
New Member

When will the website be updated to reflect the new IRA distribution rules due to COVID?

 
2 Replies
DoninGA
Level 15

When will the website be updated to reflect the new IRA distribution rules due to COVID?

The IRS has not yet finalized the new Form 8915, Qualified 2020 Disaster Retirement Plan Distributions and Repayments (Use for Coronavirus-Related Distributions) or the instruction for the form.

 

The IRS has not communicated when this form will be available.

macuser_22
Level 15

When will the website be updated to reflect the new IRA distribution rules due to COVID?

You can see the draft forms here:

 

https://www.irs.gov/pub/irs-dft/f8915e--dft.pdf

https://www.irs.gov/pub/irs-dft/i8915e--dft.pdf

 

Once the paper form is finalized then it will probably be 2-4 weeks before the electronic form specifications will be furnished that TurboTax must have.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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