How do we go back to 2020 and file a form 8915E for covid disaster IRA distribution?
Do we need to go back and report 1/3 of the distribution as income? We missed filing 8915E
02778
2 Replies
VolvoGirl
Level 15
Sep 9, 2022 11:02:10 AM
Did you report the 1099R distribution at all on your 2020 return? Is it on 1040 line 4a and how much on 4b? You might have reported 100% in 2020, in that case you are done and don't need 8915 to split the income over 3 years.
fanfare
Level 15
Sep 9, 2022 11:20:04 AM
8915-E is only for tax filers who were affected by Corona Virus in tax year 2020.
If you were affected and your age is below 59 1/2, you paid a penalty for early withdrawal that is waived.