How do it get and fill out IRS Form 8915-E

7 replies
65 views

No text available

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 IRS has announced that the 8915-E for will NOT be e-fileable, but has offered two alternatives to allow e-file with attachments. Whether TurboTax will implement either of these is unknown at this time.

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.**

neddy328

Level 2

https://www.irs.gov/forms-pubs/alternative-filing-method-for-e-filed-returns-that-include-form-8915-e

macuser_22

Alumni - Champ

As I said above "Whether TurboTax will implement either of these is unknown at this time." Currently TurboTax does not support any type of attachments.

**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.**

maj3

Level 2

True, but with 10 days remaining until the form is finalized by the IRS ( according to their website) and because of the financial impact on TurboTax should they forgo including form 8915-E in their efiling package, I think they should go above and beyond to make the form available in their filing option; otherwise, they will lose significant income by their regulars switching to tax professionals for this form only. This is just my input . Thanksn