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cortess89
New Member

When will changes related to qualified disaster distributions and repayments be ready? I paid my first year last year and looking to pay second year this year for 2021.

 
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2 Replies

When will changes related to qualified disaster distributions and repayments be ready? I paid my first year last year and looking to pay second year this year for 2021.

To report the 3 year split of the distribution made in 2020 you will need to complete IRS Form 8915-F.  The TurboTax program will ask if you had a distribution in 2020 related to Covid-19 and select to spread the distribution over 3 years.

Form 8915-F, Qualified Disaster Retirement Plan Distributions and Retirements for tax year 2021 is estimated to be available in TurboTax on 03/31/2022 (possibly sooner)

 

richard90504
Returning Member

When will changes related to qualified disaster distributions and repayments be ready? I paid my first year last year and looking to pay second year this year for 2021.

Why does Turbo Tax not warn you that Form 8915-F is not available in the review screen even though I already marked "Yes" that I took a 2020 qualified disaster distribution?  I suspect TurboTax will have to make a lot of tax return corrections for this error.  

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