I'm assuming this means the COVID distribution that many of us opted to spread out in 3 installments. I seleced "yes" and got this message "You'll need to revisit this area. Unfortunately, IRS instructions related to repayments of disaster distributions weren't ready in time for us to include them in this release. Please revisit this area later" This is precluding me from filing my taxes. Do you have an ETA when these s/b available? Thank you in advance.
You will report the second taxable portion of your 2020 coronavirus distribution in the Retirement section under Wages and Income of TurboTax.
However, this section is not yet ready as the IRS has not yet issued instructions for form 8915-F and you'll need to revisit this section later.
Please read this TurboTax Help topic on form 8915-F.
At this time, we do not have information as to when the IRS will release form 8915-F which was still in draft form as of February 2 on this IRS page.
Looks like IRS has updated this. When will it be available in the software for the desktop app? I need to file my taxes.
You can monitor when the forms will be available in Turbo Tax by clicking here @nicollejoy.
I see it but it shows as "unsupported". When will this be supported? It needs to be available to efile. It's not really secure to maill in returns plust i need my refund faster than that. Thanks in advance.
https://www.irs.gov/forms-pubs/alternative-filing-method-for-e-filed-returns-that-include-form-8915-e-and-form-7202 Looks like the IRS will accept e-filed versions of this form so is Turbotax updaing the software accordingly?
Just following up for when this will be ready for e-file. I thought someone said last week but I did the updates today and I'm still getting the same error message.
Never mind. I see now it's 3/31. This is really problematic. Not much time to file taxes after that.
Im Just running into this now. So if I am understanding, we have to wait till 3/31 and hop turbo tax allows us to submit?
The IRS recently made a change to Form 8915 regarding disaster distributions to include qualified events from 2021.
You can track the availability of Form 8915 with this link:
IRS forms availability table for TurboTax individual (personal) tax products
If you are worried about this, or actually do get squeezed for time due to TurboTax "issues", file Form 4868 request for extension of time to file.
You don't need that form if you are getting a refund.
BUT, note that the tax on your COVID distribution could wipe out your refund.
So what happens if one took a disaster distribution in 2020 but opted out of spreading the income over 3 years, is the delay necessary?
"File Form 4868 request for extension of time to file.
You don't need that form if you are getting a refund."
This is really bad advice. You do still need to file 4868 if you need extra time to file your tax return. Doing so preserves a number of important rights that you have as a taxpayer. While penalties for filing late are based on taxes owed, so there are none when you don't have a balance due, penalties owed aren't the only negative thing that comes from failing to timely file your tax return. What horrible advice.
You do not need to file 4868 if you need extra time to file your tax return but you will get a refund.
Also, any action or rule that is qualified with "including extensions", is available to you as long as you meet the extended deadline (usually Oct 15), even if you never did file Form 4868.
The only purpose is to pay the estimated "amount you owe" by Tax Day, April 15.
That is absolutely not true @fanfare. There are a number of things on a taxpayer's return where failure to file an extension, even when a refund is due, are not automatic if they are completed by 10/15 to include SEP contributions, many things related to foreign tax, and others. There are even a few tax court cases related to this. The form must be on file and the extension noted for a number of things or the return isn't considered "timely filed" and elections for various things can be, and often are, denied.
If that date of March 24th is delayed again, will we need to file an extension? Is there anyway we can over-ride this hard stop in TurboTax? Should we file now and then file an amended form?
Furthermore, I don't even see the specific form TurboTax says I need. Is there another name for the 8915E-T? It is not showing that form availability on that page.
This is a large chunk of my refund and I want to make sure I am going the best route to correct this problem, especially with the deadline approaching.
"Is there another name for the 8915E-T?"
Any indication of 8915-E as required is erroneous.
There will not be a 2021 form 8915-E.
You are currently waiting for 8915-F.
Hi @macuser_22
Can you back me up on this post 03-14-2022 10:27 PM
You're the one who informed me on this.
Unless I completely misread your posts last year.
@fanfare wrote:
Hi @macuser_22
Can you back me up on this post 03-14-2022 10:27 PM
You're the one who informed me on this.
Unless I completely misread your posts last year.
I don't see any post at that time - on 3/14/22 at 9:30 PM and your answer is correct. The 8915-E (-T & -S) was a 2020 only form and is replaced with the new 2021 8915-F that is scheduled for the 3/24/2022 update.
@macuser_22 wrote:
@fanfare wrote:
Hi @macuser_22
Can you back me up on this post 03-14-2022 10:27 PM
You're the one who informed me on this.
Unless I completely misread your posts last year.
I don't see any post at that time - on 3/14/22 at 9:30 PM and your answer is correct. The 8915-E (-T & -S) was a 2020 only form and is replaced with the new 2021 8915-F that is scheduled for the 3/24/2022 update.
Do you mean the post at 7:27 and 7:48 about extensions?
Unless you file an extension by the due date (4/17/2022) OR have filed the 2021 tax return by the due date then an extension *is* necessary.
A timely filed tax return by the due date (4/15/22) is granted an automatic extension so a separate extensions is not needed. (There will be no late penalty for paperwork filed late if the basic tax return was filed on time.) [I forget the section of the tax code that spells out automatic extensions".]
This can come into play for "return of contributions" from retirement plans that must be done before the due date (or extended due date). Timely filing a tax return before the due date gives until the extended due date to remove the contribution without filing an separate extension.
I am having this same problem. Accident checked yes to receive disaster distribution thinking it was the stimulus checks now turno won't let me efile because it won't let me edit and unchecked that box! Arg! It won't let me delete and start over because I already payed! Also it filled in a incorrect box when I took a photo of my 1099 and will not let me edit it to the correct state! Please help I need to efile, I filed my taxed by mail last year and and took over I year to get my return, I need this money now! Will never recommend/use turbo tax again!