8915 e form available?

Forum|Forum|5 years ago
February 9, 2021
4 replies
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TurboTax Deluxe Online

macuser_22

Alumni - Champ

See below for a link to sign up for an email when the form is ready.

This form is necessary to report COVID related distributions from IRA's and other retirement plans to report the distribution, pay it back over 3 years or spread the tax over 3 years.

A COVID-19 related distribution is reported on a new 8915-E form that is not yet available and there is no estimated release date since the form is still in the draft state at the IRS.

The draft paper form 8915-E is here:

https://www.irs.gov/pub/irs-dft/f8915e--dft.pdf
https://www.irs.gov/pub/irs-dft/i8915e--dft.pdf

Also to see if you qualify for a COVID-19 related distribution see:
https://www.irs.gov/newsroom/coronavirus-related-relief-for-retirement-plans-and-iras-questions-and-answers

See this TurboTax FAQ to sign up for an e-mail when the form is ready.
https://ttlc.intuit.com/community/tax-topics/help/why-am-i-getting-getting-a-10-penalty-on-my-1099-r-when-i-withdrew-fund-during-covid-form-8915-e/01/1842324

**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.**

MinhT1

Level 15

At this point in time the Form 8915-E (Qualified 2020 Disaster Retirement Plan Distributions and Repayments (Use for Coronavirus-Related Distributions)) is not finalized. We currently do not have an estimated date when the form is ready.

Please sign-up here and we will email you once the form is live.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

rhophi

Level 2

The link to sign up for a notification doesn't appear to be working. After I click submit, I get this:

<action>API_AddRecord</action>
<errcode>4</errcode>
<errtext>Bad ticket</errtext>
<errdetail>Your ticket has expired. By default, tickets expire after 12 hours of use. One-time tickets expire after 5 minutes. Please log in again.</errdetail>

</qdbapi>

JohnW152

Level 15

Form 8915-E: Qualified 2020 Disaster Retirement Plan Distributions and Repayments can be e-filed beginning February 24th.

Taxpayers will use Form 8915-E to report COVID-related early distributions that qualify for favorable tax treatment.

moonpie202

Level 2

irs form 8915-e has been released . why is it not available on TurboTax 2020?

macuser_22

Alumni - Champ

Waiting for IRS approval.

The TurboTax 8915-E should be available on Feb. 24 (pending IRS approval by then).

The IRS just finalized the form on Feb 11. TurboTax must now submit their 8915-E software to the IRS for testing to be sure that both TurboTax and the IRS e-file computer are comparable. That process usually takes the IRS 2-3 weeks for approval to release the new form to the public.

See below for a link to sign up for an email when the form is ready.

This form is necessary to report COVID related distributions from IRA's and other retirement plans to report the distribution, pay it back over 3 years or spread the tax over 3 years.

A COVID-19 related distribution is reported on a new 8915-E form.

See this TurboTax FAQ to sign up for an e-mail when the form is ready.
https://ttlc.intuit.com/community/tax-topics/help/why-am-i-getting-getting-a-10-penalty-on-my-1099-r-when-i-withdrew-fund-during-covid-form-8915-e/01/1842324

**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.**

philbio2k

Level 2

Just wondering why it takes the IRS 2-3 weeks to approve TT to use the form in its software when it is and was available for e-filing at FreeTaxUSA dot com on February 15?

Hood1

Level 2

I've loaded the latest update. still no form 8915-e. when will it be available

Critter-3

Level 15

It has been ready for months ...

If you are using WIN 10 then uninstalled OS updates can hang up the TT program updates ... install the WIN updates at least 3 times and then reboot the computer. Then try updating the TT program making sure you are using an administrator account, the program is installed on the C drive and that you don't have any removable drives in the USB ports.

If that does not work try a manual update: