Does anyone know when Form 8915-F will be available on TurboTax? I know IRS released the form in March...

[kpiccoli]

In the "review" stage i get the message that Part 1 is not yet available and check back later.  I need to complete it for IRA distributions taken out to cover disaster related costs (not COVID as in prior years)

[DoninGA]

IRS Form 8915-F for tax year 2022 has been available in TurboTax since March 9, 2023.

Did you really take a distribution in 2021 due to a non-covid disaster?  If so, which disaster in 2021?

If you did not take a disaster distribution in 2021 due to a non-covid disaster then you should answer NO and continue.

Did you take a 2020 Qualified Disaster Distribution to include a Coronavirus-related distribution?  If so, answer YES.

[kpiccoli]

Thanks for your quick reply.  Please allow me to clarify.  2022 is the first year i am applying for disaster relief from hurricane Ian.  I did not take any relief in the past for Covid or any other disaster.  If i understand the form and directions that the IRS has online for 2022 Form 8915-F, i should be able to take some of my retirement income and make it non-taxable.  I clicked in all the right places in the Income section of TurboTax to indicate i used retirement income for qualified disaster related costs and also took the Sch A deduction for those costs.  I am now looking for relief on the income side which i believe i am also intitled to.  When i click "review" i get the message that the return requires Part 1 of Form 8915-F which "is not been finalized yet" and "do not file the return until this part of the calculation is finalized in an upcoming release"  Any thoughts on when this upcoming release will be done?  Thanks,

[EbonyA]

In addition to the information that DoninGA provided above, I am including the Tax form availability list.

[DoninGA]

The Form 8915-F in TurboTax has not yet been finalized for disaster distributions taken in 2022.

[kpiccoli]

Thanks Ebony, the list you sent says the form is ready for e-file but the system is not in agreement with that.  When will the system be updated to allow me to use the form???  Thanks,

[kpiccoli]

yeah, trying to figure out if it the form will be added to the system in our lifetime....  Thanks

[DoninGA]

Right.  It is only good for disaster distributions taken in 2020 and for 2020 Coronavirus distributions.

[kpiccoli]

But if i read the IRS instructions correctly, I should also be able to treat any IRA/retirement distribution used to cover qualified disaster related costs as non-taxable income which is where Form 8915 comes in.  Is that consistent with your understanding?

[freddyrod]

I have similar problem and noone has provided a clear answer to this. I took a non-COVID disaster distribution in 2021 from Hurricane Ida. I was not able to exclude any of this distribution from taxable income in my 2022 taxes because I was told that Congress had only approved relief up through 2020 disasters (both Covid and non-Covid). We should be able to use form 8915-F as a form to cover all qualified disaster distributions taken after 2020 (from Secure Act 2.0 I believe). Not sure why Turbotax is not able to update to incorporate this. As I go through this area of my taxes, I am told to "please revisit this area later". But when?? Is it coming before April 15th?

[kpiccoli]

No telling when it will be up on the system.  I did find the form on the IRS website and, worse case file electronically without the form then do an amendment and manually send in the amended return.  Clearly not the best solution but if TurboTax doesn't but up the form no other way around it.

[MoniqueLO_]

Please feel free to contact Customer Support so you can speak with someone who can assist you.

@freddyrod 

@kpiccoli 

[robingunther]

Same here! Was affected by Hurricane Ida in 2021 & took a 401k distribution. The Secure 2.0 Act of 2022 which was enacted in December of 2022 allows people affected by qualified 2021 or later disasters who took qualified distributions to use Form 8915-F. Last time I checked the TurboTax app, this form wasn’t available…but apparently Form 8915-F has been available on the IRS website. I have free TurboTax though so I can’t chat with an agent to ask this question.

[fanfare]

Tax software only supports Form 8915-F for a COVID-19 distribution in 2020.

if you want to file for other disasters, you have to prepare the form yourself and file a paper tax return.

The form does not make your distribution non-taxable.

@robingunther 

[robingunther]

Hi, I never stated that Form 8915-F makes your distribution non-taxable. You pay regular taxes on it, but can elect to spread the distribution over 3 years. However, the form also ensures that because the distribution was taken as a result of a qualified disaster, you wouldn’t be charged a 10% additional penalty on the early withdrawal. This is outlined in Title 3, Section 331 of the Secure 2.0 Act of 2022. TurboTax themselves just posted a week ago that they hope to have that form finalized soon but that it would be after 04/18/2023.