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Returning Member
posted Jan 30, 2022 4:38:58 PM

401K WITHDRAWAL

Does anyone know when the irs will release the form to turbo tax, where you can  complete information on withdrawal from your 401k? I keep getting the message saying that the irs hasn't realeased it yet.

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3 Replies
Level 15
Jan 30, 2022 4:45:40 PM

To report the payment for tax year 2021 you will need the new IRS form 8915-F.  The IRS has not yet released the final version of this form or the instructions.  It may not be available until mid-March 2022.  Once it becomes finalized by the IRS then TurboTax will include the form in the TurboTax software in the section for reporting a Form 1099-R.

 

See this TurboTax support FAQ for the Form 8915-F - https://ttlc.intuit.com/community/retirement-tax-credits-and-deductions/help/what-is-form-8915-e-qua...

Returning Member
Jan 30, 2022 6:59:21 PM

So is this the form that I would use for 401k early withdrawal due to the covid virus?

Expert Alumni
Feb 3, 2022 2:00:32 PM

Yes, @Critter-3 is correct. You need to use Form 8915-F and it has not yet been released by the IRS. Normally we schedule the release dates of forms in TurboTax, but since this a new form, at this time there is no release date.