Turbo Tax Disaster Distributions Notifications

[MVB232]

In the midst of getting my taxes ready with the Deluxe program, I saw the notification listed below, alerting that my taxes can not be filed yet and that Turbo Tax will give the notification as to when the filing can proceed. *I just wanted to check as to how the notification comes in?*  I do not want to miss it. Is it safe to assume that it will be before the tax deadline for 2022? What law/form causes the delay? Thank you! 

Notification:

Federal Information Worksheet: Disaster Distributions- You can’t file just yet due to disaster tax relief laws passed by Congress. This may mean a better tax outcome for taxpayers like you who took qualified disaster distributions between 2018 and 2020. We can keep working on your tax return and we’ll let you know when we can help you finish up your taxes.

[MayaD · Accepted solution]

While you’re working on your return, we’ll ask if you want to receive email updates when your forms become available.

Form 8915-F is used to report a disaster-related retirement distribution, and any repayments of those funds. It also allows you to spread the taxable portion of the distribution over three years, if needed and report prior year distribution amounts which are to be taxed in 2021. Form 8915-F replaces Form 8915-E.

Once the form is finalized by the IRS, it has to be coded and tested for calculations and e-filing acceptability. The Form will be available on 03/24/2022. Federal Individual Form Availability 

[MVB232]

Thank you for the information on the system notifications. 

The form information makes sense. I am confused so just want to confirm- is it fact that *anyone* who received regular coronavirus disaster unemployment in 2021 needs to file Form 8915-F? Hearing the information, it sounds like the form is a bit more specialized than that. Which is why I was surprised I could not file. 

In this case, in the program - on the Federal Information Worksheet there is a category that says Disaster Tax Relief: Check if you took a Disaster Distribution between 2018 and 2020. 

It is highlighted yellow with a red X and does not allow me to uncheck the square. 

From what I understand, receiving independent contractor disaster unemployment in 2021, choosing to have taxes withheld, and then receiving the taxes in refund *would not* require the checking of that box? 

Unless I am not understanding something. I just didn't think it had anything to do with the retirement distribution. 

[AmyC]

Thank you for the additional information. The 8915-F is only for those who took money out of a retirement plan and chose to pay it back over 3 years. This does no apply to you. Please delete the 8915 form.

Choose your method of deletion:

• Online: A simple way to delete forms in TurboTax online is to use the Tax Tools menu option, which is on your left menu bar when you are working in your program. Then, choose Tools and then Delete a form.
•  Desktop: If you are working in the download TurboTax program, use the Forms Mode on your menu bar to bring up the form you want to delete, then choose the Delete Form option at the bottom of the form.

[mkmason98]

form 8915 is not there to delete.  any suggestions?

[mkmason98]

on the Federal Information Worksheet, I need to unmark the box:

Disaster Tax Relief:

Check if you took disaster distribution between 2018 and 2020

I checked off or answered something in the "interview" process and now I cannot correct this.  there is no form 8915 in my forms used.  this is holding up filing.

[Maru]

i have same situation - I took no relief and the form keeps popping up with the X 

freaking turbo tax . 

[MVB232 · Accepted solution]

Hello all! 

I actually found the solution- I ended up on a 30 minute call with customer service. 

On the "walk me through everything" mode of Federal Taxes- under Retirement and Social Security, the first section is IRA, Pension, etc. For me, the answers were all defaulted to 'Yes' which is what causes that permanent red X on the Forms for disaster distributions. So, if you go through that first section and purposely click through and answer 'No' to the questions asked, it should remove the X and allow you to file!! I was so relieved. 

Let me know if you need a clearer description! 

[isaiaspe25]

@MVB232 How do you get to "walk me through everything" mode of Federal Taxes? I am not sure where to look for that option. I am experiencing the same issues as mentioned above

[mkmason98]

this worked for me.  thank you.  so easy to blow by all these minute details.

[MVB232]

@isaiaspe25 I downloaded the program to my Mac, so it may look different for you depending on how you are running it. But, as soon as you open up the program, you essentially see your turbotax "Home Screen" with your federal refund amount at the top on the left side of your screen. The very first button at the top left of your Home Screen will say Forms if you are in Easy Step, which is what you want to be in. If you are currently in Forms, click Easy Step at the top left of your screen. Once in the Easy Step "Home Screen" setting, you see those tabs running across the screen. First should say Personal Info, second should say Federal Taxes. Click Federal Taxes, then hit continue, that should take you to a page asking about W-2. From there hit continue, and the next screen should ask you how you want to enter your income. From there, you have 2 button options- walk me through everything or I'll choose what to work on. Pick" walk me through everything" and eventually it will take you through retirement. Alternatively, if you have already gone through those steps you should still be able to see the Federal Taxes tab at the top of your home screen and click the wages and income subheading and scroll down to retirement IRA and click update and from there the questions you need to say No to should pop up. I hope that helps! 

[pay those taxes baby]

I also had trouble finding it,  doesn't seem like the online (browser) version has a "walk me though everything".

I was able to change my answer to the question by

- Click on federal (left menu)

- Click "Retirement Plans and Social Security"

- show more

- IRA, 401(k), Pension Plan Withdrawals (1099-R)

Follow those questions and it should take you back to the disaster relief question if you wish to change your answer.

[bratchette]

How do I setup to receive a notification once the form become available? 

[FangxiaL]

To sign up, please click on Review on the left menu. You may see a message "Some of your tax forms are not ready". Below the message, you can select the link that says "I want to sign up for email notifications."

Here is a link to Federal Individual Form Availablity.

@bratchette

[Asmith8707]

Hi @AmyC  Now that form 8915-f is available, I'm filling it out but it does not seem to add the distribution amount to my taxable income. Should I have received a 1099-R if I took the distribution in 2020?