8915-E Covid Distribution

Forum|Forum|3 years ago
March 21, 2023
1 reply
4 views

Tried to enter my information for the 2020 Covid distribution from my 401k. I had deferred the taxes over three years, and so needed to report them for this year. However the TT online form asks for 8915-F. A help document provided by help button leads to directions to enter the 8915-E information, but I fear isn't correct. There is a step, #13, that doesn't exist online. That step says to enter the amount from 8915-E line 4 Column B and select continue. The online form does not allow this to happen. If I skip that step and complete the rest of the amount inputs, once complete it shows a value of $0 for the 401K, IRA income selection.

HopeS

Level 8

Please follow the guidelines provided below instead: Let us know if you are still having issues.

Login to your TurboTax Account
Click on the "Search" on the top and type “1099-R”
Click on “Jump to 1099-R”
If you do not have any 2022 1099-R answer "No" to "Did you get a 1099-R in 2022?" (If you have any other 1099-R then enter all 1099-R and after entering your last 1099-R click "Continue" on the “Review your 1099-R info” screen)
Answer "Yes" to the "Have you ever taken a disaster distribution before 2022?" screen
Answer "Yes" to "Did you take a 2020 Qualified Disaster Distribution?"
Uncheck the box next to "If this was a Coronavirus-related distribution reported in 2020 check here" and click Continue
On the "Which disaster affected you in 2020?" screen I selected the blank entry and click "back"
Then recheck the box next to "If this was a Coronavirus-related distribution reported in 2020 check here" and continue.

Another option is to delete "Form 8915-F" and "Qualified 2020 Disaster Retirement Distr" and then go back to the retirement section and reenter the information:

Open or continue your return in TurboTax.
In the left menu, select "Tax Tools" and then "Tools".
In the pop-up window Tool Center, select "Delete a form".
Select "Delete" next to "Form 8915-F" and "Qualified 2020 Disaster Retirement Distr" and follow the instructions.
Click on the "Search" on the top and type “1099-R”
Click on “Jump to 1099-R”
If you do not have any 2022 1099-R answer "No" to "Did you get a 1099-R in 2022?" (If you have any other 1099-R then enter all 1099-R and after entering your last 1099-R click "Continue" on the “Review your 1099-R info” screen)
Answer "Yes" to the "Have you ever taken a disaster distribution before 2022?" screen
Answer "Yes" to "Did you take a 2020 Qualified Disaster Distribution?"
Check the box next to "If this was a Coronavirus-related distribution reported in 2020 check here" and enter your information.

See the Link Below for Additional Information:

Form 8915-F

@Cpnneeda

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CpnneedaAuthor

Level 2

I tried both of your directions and still haven't fixed the issue. It is asking for 8915-F and I only have 8915-E. Following the help for entering that data, leads to step 13 that can't be completed.

RobertB4444

Level 15

The 8915-E is the form for the 2021 tax year. Are you working inside your 2022 return? Once you enter the 1099-R information the system should report the amount you have to pay back and generate the 8915-F.

If you are working in 2022 and you have an 8915-E form (not the worksheet that shows the carryover from 2021 then you need to delete the 8915-E in order to generate an 8915-F. This may require deleting your return and starting over since the 8915-E form is not supposed to be able to be added to the 2021 return.

@Cpnneeda

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