When will form 8915-E 2020 be available in turbo tax?

[crobertson10]

Did he say how long it will take for Intuit to get the form in Turbo Tax?

[JoannaB2]

Yes, The IRS is still finalizing more tax forms.  The form 8915 (Qualified 2016 Disaster Retirement Plan Distribution and Repayment) is not finalized yet.  You file form 8915 if you were adversely affected by a 2016 disaster and received a distribution that qualifies for a favorable tax treatment.

See, federal individual forms availability, for information.

[tekna]

Thanks!  That notification signup link was exactly what I was looking for.

[Judy]

The Last info on the 8915E was 3 weeks ago.  is there any update as to when it will be released for Turbo Tax Home and Business Returns.  

[kzigmant]

Unfortunately, the IRS has not yet finalized & released Form 8915-E.  Additionally, they haven't provided a tentative release date for this form.

Please visit the following link to sign up to be notified when Form 8915-Em becomes available:

https://ttlc.intuit.com/community/tax-topics/help/why-am-i-getting-getting-a-10-penalty-on-my-1099-r...

To find out more information about Form 8915-E, Qualified 2020 Disaster Retirement Plan Distributions and Repayments, please visit: https://ttlc.intuit.com/community/retirement-tax-credits-and-deductions/help/what-is-form-8915-e-qua...

[LinaJ2020]

No, IRS has not updated it's 2020 version yet, unfortunately.  To see IRS update, click here: https://www.irs.gov/pub/irs-dft/i8915e--dft.pdf

Please click on the following link and sign up for an email notification when it's updated.

Form 8915-E

Thank You for your patience

If you are under age 59 1/2, the distribution from the retirement plans and IRAs is considered as an early withdrawal.  Generally, you will pay both regular tax plus an additional 10% penalty of your entire distribution unless you met certain criteria.  Due to the CARES Act, if your retirement distribution is related the Covid-19, you will not be liable for this additional penalty.  You will still pay the normal taxes like your wages and income.  For more information from the IRS, click here: Covid Relief.  If your distribution is not related to the Covid, you will need to pay the penalty.  

[kevinslattery231]

I just saw on the IRS site that 8915-E will not be ready for e-file and they indicated uploading a PDF of the form or alternately filling out a form.  Will Turbo Tax be making this available so people can e-file?

[PattiF]

Typically, most attachments cannot be e-filed; however the IRS has not yet released the final version of the form yet.

Please sign up for the most up to date information using this link  Form 8915-E.

[kzigmant]

When this form becomes available, TurboTax will make it available in TurboTax Online and TurboTax Desktop for customers.

[DoninGA]

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@kzigmant wrote:

When this form becomes available, TurboTax will make it available in TurboTax Online and TurboTax Desktop for customers.

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 This form has not been finalized by the IRS for filing with a 2020 federal tax return.  The IRS has not announced when this form will be available.  Once available it will be included in the TurboTax software.

We estimate the form may be available sometime in February.

[Matt94]

So if I have the deluxe version online software and everything loaded in ready to go. I can then go back to find this form once updated and complete my taxes on my own still?

[PattiF]

Yes, once the form is available, you will be able to use the Deluxe online version of TurboTax to complete your taxes. 

[Matt94]

Thanks! Any word on e-filing with this form then? Will I will be able to file electronically through Turbo Tax after I go through everything again (once this form is updated? I withdrew about 12 K and want to spread it out plus avoid the 10% withdrawal fee. 

[DawnC]

You will be able to waive the penalty and spread the ordinary tax over the 3 years.   However, the only timeline we know for sure is that it will be after 02/24.  Also, we are unsure about e-filing capability as of now.    Some 8915 forms (A, B, and C) are not supported for e-filing.   But that may not be the case for the 8915-E; we are still waiting on the IRS to finalize the form.  @Matt94

[Ekalbmada]

I just read the following on the IRS website. 2/11/2021

Because Form 8915-E is new and impacted by recent legislation, it has not been enabled in XML for e-filing, and e-filed returns are to include an attached PDF of Form 8915-E. As an alternative to attaching a PDF of Form 8915-E, to increase e-filing and reduce paper filing, software providers may instead include with the e-filed return a general dependency statement that includes all the information requested on Form 8915-E if they have issues with attaching a PDF. Such a statement should look similar to the following.

Form 8915-E

Name xxxxxxxxxxxx xxxxxxxxxxxx

SSN xxxxxxxxx

worksheet 2 x

Disaster xxxxxxxxxxxxxxxxxxxxxxx

Disaster Date xx/xx/xxxx

Line 1 xx/xx/xxxx

Line 1a 100000

Line 1b 100000

Line 1c 100000

Line 2 xx/xx/xxxx

Line 2a 100000

Line 2b 100000

Line 2c 100000

Line 3 xx/xx/xxxx

Line 3a 100000

Line 3b 100000

Line 3c 100000

Line 4a 100000

Lin 4b 100000

Line 4c 100000

Line 5 100000

Line 6 100000

Line 7 100000

Line 8 100000

Line 9 opt-out x

Line 9 100000

Line 10 100000

Line 11 100000

Line 12 Yes/No

Line 13 100000

Line 14 100000

Line 15 100000

Line 16 100000

Line 17 x

Line 17 100000

Line 18 100000

Line 19 100000

Disaster xxxxxxxxxxxxxxxxxxxxxxx

Line 20 Yes/No

Line 21 100000

Line 22 100000

Line 23 100000

Line 24 100000

Line 25 100000