When will form 8915-E be update and available for 2021 tax year?

[BDLump]

The link provided says form 8915-F is available, yet turbo tax software will not add it into the income. No where does it say the -F version will be available on 3/31/22, it’s supposed to be available now and the form information exists, you can enter all your info - yet the software will not update the income section and account for it. It just isn’t working correctly. Deadline is drawing near and it is Still. Not. Working. 

[DoninGA]

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@BDLump wrote:

The link provided says form 8915-F is available, yet turbo tax software will not add it into the income. No where does it say the -F version will be available on 3/31/22, it’s supposed to be available now and the form information exists, you can enter all your info - yet the software will not update the income section and account for it. It just isn’t working correctly. Deadline is drawing near and it is Still. Not. Working. 

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The Form 8915-F was included in the TurboTax online editions in the early evening of 03/23

The Form 8915-F was included as a software update for All the TurboTax desktop editions on 03/24

If you are using the desktop editions, update your software.  Click on Online at the top of the desktop program screen.  Click on Check for Updates.

You must go to the Retirement Income section of the program for a Form 1099-R to be able to enter your 2nd year of the 2020 distribution -

Click on Federal

Click on Wages & Income

Scroll down to Retirement Plans and Social Security

On IRA, 401(k), Pension Plan Withdrawals (1099-R), click on the Start or Revisit button

On the screen Did you get a 1099-R in 2021? Click on NO, if you did not receive a 2021 Form 1099-R

If you had a Covid-19 related distribution in 2020 and selected to spread the distribution over 3 years -

Answer Yes when asked Have you ever taken a disaster distribution before 2021?

Answer Yes when asked if you took a Qualified 2020 Disaster Distribution

Check the box that this was a Coronavirus-related distribution reported in 2020

In the box 2020 Form 8915-E, line 4, column b - Enter a 0

If the 2020 distribution was from an account that was Not an IRA

2020 Form 8915E Line 9 - Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 9

If the 2020 distribution was from an IRA account

2020 Form 8915E Line 17 -  Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 17

Do not enter anything in the other boxes, leave them blank (empty)

The 1/3 of the amount from the 2020 distribution will be entered on the 2021 Form 1040 Line 4b if from an IRA or on Line 5b if from a retirement plan other than an IRA

After completing the Wages & Income section you will land on a screen Did you take a disaster distribution at any time between 2018 and 2020?

Answer NO since you have already completed the entering the 1/3 of the 2020 distribution.

You can view your Form 1040 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

Using the desktop editions click on Forms.  Open the Form 1040

[Maryann809]

None of this is accurate… Form 8915-F is not available in TurboTax online.  If you search for the form it is not there. 

[paslaugh]

@Maryann809 You have to go to the Income section for 1099-R, first indicate that you did not get a 1099-R in 2021. Then it will ask if you had a disaster disbursement in years 2018-2020, and you click “Yes”. From there it prompts you to answer several questions, these answers populate your Form 8915.

[Maryann809]

How do you indicate that you did not receive 1099-r?  I was able to enter my information re: distribution and first 1/3 in 2020, but it did not do Anything to my taxes… meaning when I filed, it was not included. I’m pretty sure I’ll have to file an amended return when TT figures out what they’re doing!

[paslaugh]

@Maryann809 For me that was the first question it asked, basically “Did you get a 1099-R in 2021” by responding “No”,  and then responding “Yes” when it asked if I took a 2018-2020 related disbursement, it setup the decision tree that populated my 8915-F.

[Maryann809]

It’s so frustrating that was not the case for me :(

[jB1092022]

I paid federal income tax on my 401k withdrawal that reflects on my original 1099, the Form 8915F does not ask for that. Where do I enter that information? It is not showing in the current 8915F form request. Only the 1/3 of my total distribution. Shouldnt 1/3 of my federal  and state paid tax from the original distribution be accounted for each year too

[BDLump]

All of these steps work; however, it then asks me if I took a disaster-related distribution in 2020 and states that it includes COVID related distributions. It says to check “yes” if I want to claim the distribution over 3 years. I click yes and it says I need to revisit the retirement distribution section. It’s Groundhog Day. The software needs to be fixed. 

[Maryann809]

Yes, went thru the steps - not working!

[Meliss922]

It states available?? 

[JamesG1]

IRS Form 8915-F information can be entered at the screen Did you take a 2020 Qualified Disaster Distribution?  I was able to report Qualified 2020 Disaster Distributions from Part II and Part III from the 2020 8915-E by following these steps.

• Go to Federal / Wages & Income / Retirement Plans and Social Security / IRA, 401(k), Pension Plan Withdrawals (1099-R).
• Click Start / Revisit to the right.
• At the screen Did you receive any 1099-R forms? select No.
• At the screen Have you ever taken a disaster distribution before 2021?, Click Yes.
• At the screen Did you take a 2020 Qualified Disaster Distribution?, enter 8915F and 8915E information.

I also reported that:

• I did not repay any 2020 Qualified Disaster Distribution in 2021.
• I did not report a disaster distribution in 2017, 2018 or 2019.
• The screen Did you take a disaster distribution at any time between 2018 and 2020? you are instructed to select YES if you need to report 1/3 of the amount of your distribution from a prior year.  That has already been done.  Select No, I didn't.

You may view the distributions on the 2021 Federal 1040 tax return at Tax Tools / Tools / View Tax Summary / Preview my 1040.  You may view Form 8915-F at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets.

Form 8915-F Part II distributions may be found on line 5b of the 2021 Federal 1040 tax return.  The distribution is not reflected in box 5a.  See entries for Part II of Form 8915-F on lines 12, 13 and 15.

Form 8915-F Part III distributions may be found on line 4b of the 2021 Federal 1040 tax return.  The distribution is not reflected in box 4a.  See entries for Part III of Form 8915-F on lines 23, 24 and 26.

@Meliss922

@Maryann809

@BDLump

[bigcat024]

In 2020 I took out money from my retirement fund (401K) due to COVID and completed Form 8915E on my taxes last year. I noticed on the form it carried my distribution over to both Column A & B of this form and taxed me on 1/3 of the withdrawal last year which is great.  I chose to spread the taxes out for 3 year.   Now when I complete 8915F for the other 1/3 amount to be taxed, where do I get the figure that they need for Line 12.  Do I enter the amount that I was taxed on last year on Line 12 and Line 13.   Form 8915F also states to enter Line 4, column b amounts.  Do I just leave this blank or enter the amount that carried over on 8915E last year which shows the entire amount that I took out of my retirement.  As mentioned, this amount showed in both Column A & B on my form last year.  

 I also received the message to complete 8915 E-T again, but I just deleted that form since I completed it last year.  

Please advise ASAP.

Thanks,

[lilhelios]

So I was having the same issues with COVID-19 distributions repayment. What I did was, in the TurboTax tools, I cleared and started over. From my experience with TurboTax, sometimes when there are updates or new forms are added to the software, the software doesn't mesh well if you already started the filing process before the updates were released. 

It is a bit cumbersome, so before I cleared and started over, I made sure to write down all the expenses/amount (if you are itemizing) that I had previously inputted because I didn't feel calculating again.  Once I started over, now everything works! The 1/3 distribution is added to the gross income and you can enter the repayment amount and it is adjusted properly. 

In short, just clear and start over, and you will be good to go.  Hope this helps everyone. 

[Cynthiad66]

Amount subject to tax this year. Subtract line 14 from line 13. If zero or less, enter -0-. Include this amount in the total on line 5b of this year’s Form 1040, 1040-SR, or 1040-NR.

The amount entered on line 15 is 1/3 of distribution if you plan to repay.  Check out these line by line instructions for the form.

@bigcat024