Howdy,
I did an IRA distribution related to COVID19. I know that the form 8915E is still not available online, however, I was wondering if the form will be available for the Turboxtax desktop version. I also need to fill out form 982, which is not available online so I do need to use the Turbotax desktop version.
Thanks,
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Yes, the Form 8915-E is projected to be e-fileable starting 2/26/2021. Make sure you update your desktop program. Click here:
To enter Form 982, continue to read:
First of all, you would need to enter your Form 1099C in the program. Here are the steps:
In TurboTax desktop,
Then you will need to access Form 982 from the "Forms Mode" to manually enter information. Here are the steps:
In most situations, if you receive a Form 1099-C from a lender after negotiating a debt cancellation with them, you'll have to report to the Internal Revenue Service as taxable income. Certain exceptions do apply. According to the Mortgage Forgiveness Debt Relief Act in 2007, from 2007 to 2020, you can exclude up to $2 million in forgiven mortgage debt if you were married and filing jointly—up to $1 million for other filing statuses. Due to Covid, the CAA extends the exclusion of cancelled qualified mortgage debt from income for tax years 2021 through 2025. For more information, click here: Cancellation of debt
WHEN WILL FORM 8915E BE AVAILABLE?
@Caseyblue wrote:
WHEN WILL FORM 8915E BE AVAILABLE?
Answered in your prior post - https://ttlc.intuit.com/community/taxes/discussion/re-when-will-form-8915e-be-efileable-on-turbo-tax...
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