Form 8915 error

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I am telling TurboTax I want to pay all the taxes on my early IRA withdrawal (due to COVID) in the 2020 tax year, but when it completes Form 8915-E, it is still dividing my tax liability by 3. Can anyone please help? Thanks.

rebecca7600Author

Level 2

In addition: I also early withdrew from Roth, also COVID. I entered my basis but Form 8606 seems to not be reflecting accurately that my earnings are indeed taxable. It says all the earnings are due to disaster and thus not taxable, but I think that is wrong. AND lastly, the figures from 8606 don't seem to be flowing up to the 1040 correctly, which has entirely different figures for the taxable amount which I cannot figure out how TurboTax computed. I have a strong feeling that there are glitches in Forms 8606 and 8915-E and their related figures on the 1040. Is anyone else having issues like these? Thanks.

Wondering6312

Level 2

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Form 8915 error

3 replies

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