When will the 2021 8915-f form be available on Turbo Tax to efile?

[susiedoody]

Okay I just filed my taxes and I think I made a mistake.  I looked it over and it looked correct with it adding 1/3 of my distribution to my income...but...since covid wasn't available in the drop down menu, i put it in the box that asked for the FEMA number.    After I printed my forms, I noticed, that I was not supposed to do that, and was supposed to check box D saying it was a coronavirus disaster distribution.  Will I have to amend my return??? It seems like all the calculations are correct, but that I just checked the wrong box???  Turbo tax said it was good and the IRS already accepted it, so should i be worried???

[BW_TX]

To the recent topic: it made me enter a disaster name and now I can't find anywhere to remove it.

On a different topic: Have been running through this and just wanting to clarify.  The 1099 I received in 2020 had federal tax withheld and I split my distribution into 3 years.  The tax withheld was only applied to 2021 taxes?

[DoninGA]

---

@susiedoody wrote:

Okay I just filed my taxes and I think I made a mistake.  I looked it over and it looked correct with it adding 1/3 of my distribution to my income...but...since covid wasn't available in the drop down menu, i put it in the box that asked for the FEMA number.    After I printed my forms, I noticed, that I was not supposed to do that, and was supposed to check box D saying it was a coronavirus disaster distribution.  Will I have to amend my return??? It seems like all the calculations are correct, but that I just checked the wrong box???  Turbo tax said it was good and the IRS already accepted it, so should i be worried???

---

If you elected to spread the 2020 distribution over three years then 1/3 of the distribution will have been entered on the federal tax return Form 1040 on either Line 4b or 5b depending on the type of distribution you had in 2020.

[DoninGA]

---

@BW_TX wrote:

To the recent topic: it made me enter a disaster name and now I can't find anywhere to remove it.

On a different topic: Have been running through this and just wanting to clarify.  The 1099 I received in 2020 had federal tax withheld and I split my distribution into 3 years.  The tax withheld was only applied to 2021 taxes?

---

The federal income taxes withheld from the 2020 distribution were only entered on the 2020 tax return as a tax payment.  The taxes withheld from the 2020 distribution cannot be spread over 3 years.

[susiedoody]

If there is an error in the form, which I believe to be true...they should have sent something out to people to let them know, I just filed my taxes and I now I realize I did not check the correct boxes, but it all went through...hoping I do not need to do an amendment....I wish I had waited....looks like it won't be fixed until 3/31 now....

[susiedoody]

so what do I do, if I just filed my taxes????

[susiedoody]

me too, just filed, the amunts all looked correct, I just didn't click the correct boxes!!  this is so frustrating!! praying it all works out.  

[fanfare]

@susiedoody 

Since you e-Filed, you can e-File 1040-X to correct this.

Last year you got one shot to e-File 1040-X.

I'd be surprised if you can e-File 1040-X more than once this year.

I suggest you wait until your 1040 is APPROVED, or April 14th, whichever comes first, to submit 1040-X.

P.S.

Also wait for TurboTax to do it correctly 

[susiedoody]

@fanfare  Thank you. I never heard of 1040-X,  can I do that through Turbo Tax??  I will wait till its all done correctly.  I don't think any of my amounts will change , just boxes that i chec ked wrong....

[susiedoody]

@DoninGA , so the amount was entered on line 5b, and it is correct...so does it not matter that I did not check the correct box on Form 8915-F??  I put Covid for FEMA number and did not check box D, which was for coronavirsus  distribution?? 

[DoninGA]

---

@susiedoody wrote:

@DoninGA , so the amount was entered on line 5b, and it is correct...so does it not matter that I did not check the correct box on Form 8915-F??  I put Covid for FEMA number and did not check box D, which was for coronavirsus  distribution?? 

---

No, it should not matter at all since the correct amount was entered on Line 5b.  But since this is a new form it is unknown if the IRS will question this return if box D on the 8915-F was not checked.

[fanfare]

@susiedoody 

Use Form 1040-X to add or correct information on an already filed individual tax return.

[cjob]

@susiedoody 

1040-X is for amended returns.  And yes, TT has the form.  But wait until your return has been accepted or after 4/15.

[netbaby007]

I tried it today, and it lets you get a little further than previous tries but it isn't calculating the taxes at all! This is so frustrating to have to wait this long just to pay taxes!!  H and R block is even more confusing and doesn't allow you to say you didn't get a 1099R for 2021 it just wants you to enter the information so I am back to twiddling my thumbs waiting for TT to get it together. This is so frustrating!!!!!   

[Hailpsu91]

I guess I’m confused.  I’ve read over all of todays posts.  For me, the tax amount is being compute right and applying 1/3 for this year.  What is the problem?  What is wrong with just adding Cares Act for the disaster name?