topic Re: Form 8915-E is available today from IRS. When will the program make it available for me to file? in Get your taxes done using TurboTax

Form 8915-E is available today from IRS. When will the program make it available for me to file?

Adirondackmtnman — Sat, 13 Feb 2021 01:03:35 GMT

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

LinaJ2020 — Sat, 13 Feb 2021 02:05:46 GMT

The 8915-E Form is projected to be e-fileable starting 02/24/2021, unfortunately. As of today 2/12/2021, IRS just completed its final development of the 2020 version of this form. Please click on the following link and sign up for an email notification when it's fixed.

Form 8915-E

The forms are available if you are going to download from the IRS website. However, e-filing is different. Once the form is finalized by the IRS, it has to be coded into the special language the software uses and has to be thoroughly tested for calculations and e-filing acceptability. IRS then has to approve it for e-file. It always takes a little longer for a form to become available for e-file in a software program. I hope this helps you understand the situation. At this point, the IRS expects to approve the form 8915-E on TurboTax e-file as 02/24/2021. Thank you for your patience.

If you are under age 59 1/2, the distribution from the retirement plans and IRAs is considered as an early withdrawal. Generally, you will pay both regular tax plus an additional 10% penalty of your entire distribution unless you met certain criteria. Due to the CARES Act, if your retirement distribution is related the Covid-19, you will not be liable for this additional penalty. You will still pay the normal taxes like your wages and income. For more information from the IRS, click here: Covid Relief. If your distribution is not related to the Covid, you will need to pay the penalty.

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

Mommyof3 — Sun, 14 Feb 2021 17:16:33 GMT

Why is it available on TaxAct and FreeTaxUSA and few others? I have been with Turbo over 15 years and I filed under Taxact to see the difference and I'm blown away. Whats happening

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

Anonymous — Sun, 14 Feb 2021 17:42:56 GMT

10 days to update this simple form? I am going to have to try another platform if it isn't quicker. With possible new stimulus checks being based on last year vs this years income, there is no time to waste!

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

JamesG1 — Sun, 14 Feb 2021 18:20:46 GMT

When you claim a qualified COVID-19 disaster during the interview for your 1099-R, TurboTax states:

You will need to revisit this area. The IRS instructions related to disaster distributions were not ready in time for us to include them in this release. Please revisit this area later.

This TurboTax Help allows you to sign up for notifications for when the IRS form 8915-E is operational.

Forms availability can be found here.

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

Anonymous — Sun, 14 Feb 2021 20:18:51 GMT

Apparently, other tax platforms have this form ready.

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

SamS1 — Mon, 15 Feb 2021 01:22:10 GMT

Nott much longer. Form 8915-E: Qualified 2020 Disaster Retirement Plan Distributions and Repayments, which is used for COVID-related early distributions, will be e-fileable starting 2/24. The IRS is updating form 5329’s instructions to make it clear that COVID related exceptions cannot use 5329 and should use the new 8915-E.

The pandemic has affected your taxes in many ways. Including reporting in TurboTax the amount of stimulus money you received. Click Here for more information on how the Pandemic affected your 2020 taxes.

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

Mommyof3 — Tue, 16 Feb 2021 16:20:40 GMT

They do your right. Taxation FreeTaxUsa and TaxSlayer.. its about the software what they will attach when transmitting our returns.

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

DianeW777 — Tue, 16 Feb 2021 16:39:00 GMT

It is being prepared for release. Form 8915-E: Qualified 2020 Disaster Retirement Plan Distributions and Repayments, which is used for COVID-related early distributions, will be ready for e-file starting February 24th. It was recently moved out of the draft form by the IRS.

For more information about this form use this link: Qualified 2020 Retirement Distributions due to COVID

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

philbio2k — Wed, 17 Feb 2021 16:15:39 GMT

Like you @Mommyof3, I have used TT a very long time but this past weekend I was reading through Reddit and noticed several users stating that FreeTaxUSA had the 8915-E form available and ready for e-filing. Yesterday, I decided to see for myself and sure enough it is on there and I was able to file my taxes for free and being able to go ahead and file them using my lower income numbers for 2020 should also allow me to receive any new stimulus or economic impact payments that get approved. The only part that will not be free is the state tax return.

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

micklb — Sat, 20 Feb 2021 18:24:36 GMT

You are right. Next year I will use something else after 20 some years.

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

bigrigray — Wed, 24 Feb 2021 14:03:02 GMT

This form will be ready for e-file and print on 2/25/2021

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

echoes35 — Fri, 26 Feb 2021 04:02:18 GMT

Today is Feb 25, 2021, when will this 8915-E form be available in TurboTax so I may finish my 2020 tax return.

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

echoes35 — Fri, 26 Feb 2021 17:57:05 GMT

today is 2/26/21 and still no form to file Covid-19 related IRA withdrawls.

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

macuser_22 — Fri, 26 Feb 2021 18:05:38 GMT

Yes the 8915-E form is now in both the online and desktop versions. If you are desktop then update the software with today's update.

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

Irene2805 — Fri, 26 Feb 2021 18:07:54 GMT

Form 8915-E is available in both the CD/Download and online versions of TurboTax.

Please make sure your program is up-to-date. In TurboTax CD/Download, you will be prompted to download any updates available when you open the program. You can also update the program while you have it open by following these steps:

Click on the Online link in the black bar at the top of the page.
Click on Check for Updates.
TurboTax will download and install any updates available. If there aren't any updates, you will receive the message "Your software is up to date."

If you are using the online version or after you have updated the CD/Download version be sure to go back through the 1099-R section in the federal return.

In the screens following the 1099-R entry screen:

You will see a series of questions to see if you are exempt from the additional taxes on early withdrawals [Screenshot #1, below]; and
You will be asked if you want to pay all the tax this year of just 1/3, with the rest reported over the next two years. [Screenshot #2] Check the box if want to pay tax on the entire retirement distribution in 2020.

Screenshot #1

Screenshot #2

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

Bob2006 — Fri, 26 Feb 2021 22:31:35 GMT

I just updated my Desktop version of TurboTax 2020 Deluxe and do not see any of the new questions/screens for Form 8915-E. What might the issue be?

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

DawnC — Fri, 26 Feb 2021 22:53:26 GMT

Go back and review and edit your 1099-R entries. Once you click on Edit, click through the screens, and you will be taken to the disaster relief questions pertaining to Form 8915-E. Make sure your software is updated first, though. @Bob2006

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

cfweidenbach — Sat, 27 Feb 2021 19:17:03 GMT

Updated turbo tax deluxe on 2-27-21 and looks like form 8915-E still not available. Did I miss something for not available yet?

Re: Form 8915-E is available today from IRS. When will the program make it available for me to file?

macuser_22 — Sat, 27 Feb 2021 19:34:39 GMT

The form is produced when you enter a 1099-R and answer the interview question that is was a COVID distribution.

Or to view the blank form switch to the forms mode and and click the "open form" icon.