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.
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
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!
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
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.
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:
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.
i have same situation - I took no relief and the form keeps popping up with the X
freaking turbo tax .
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!
@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
this worked for me. thank you. so easy to blow by all these minute details.
@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!
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.
How do I setup to receive a notification once the form become available?
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.
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?
No, you will not receive another 1099-R. On the Form 8915-F, Qualified Disaster Retirement Plan Distributions and Repayments, there is a chart that says to fill out lines 12-15 and 23-26 as applicable. You can see from the lines that another form is not needed, just your 1/3 income for this year and any repayment information. Your program should have retained the 8915-E information.
@Asmith8707
The form still isn't available. I was expecting to finally be able to file today and I still can't. It is past the 3/24 date we were given.
The form 8915-F is available for both e-file and paper file. Use the following steps to enter your COVID disaster distribution. Do not enter any FEMA code because this does not need one. Be sure to have your 2020 return available to complete the sections shown below.
@mcgaffmr
@jefffulton8 wrote:
- When will the update for this form be available on home and business
It was included in a software update released on 03/24/2022.
Update your software. Click on Online at the top of the desktop program screen. Click on Check for Updates.
I am filling this out, it's 3/26/2022, and the amount still not showing up in income and when I preview my forms an 8915F isn't being generated.
@supert009 wrote:
I am filling this out, it's 3/26/2022, and the amount still not showing up in income and when I preview my forms an 8915F isn't being generated.
If you had a Covid-19 related distribution in 2020 and selected to spread the distribution over 3 years -
Answer No when asked if you received a Form 1099-R in 2021, if you did not receive the form
Answer Yes when asked if you took a disaster distribution
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
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
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
IRS's site says its AVAILABLE now!!! 3/28/22.
Why isn't it updated on TT????
@pplb wrote:
IRS's site says its AVAILABLE now!!! 3/28/22.
Why isn't it updated on TT????
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? NO
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
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
i got the update and its still not working.....here's my responses to a "solution" i got from TT a few minutes ago and it still doesn't automatically populate the 1040 line b even when the correct amounts from 2020 are added to the 8915'......see my responses in RED
On Mar 28, 2022, at 8:51 AM, TurboTax + Mint Communityyou are using the desktop editions, update your software. …did that
Click on Online at the top of the desktop program screen. Click on Check for Updates….did that….there were updates but i don’t know what was updated….i had to install and restart.
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….i did
Click on Wages & Income…i did
Scroll down to Retirement Plans and Social Security…i did
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click on the Start or Revisit button….the button said UPDATE, not start or revisit
On the screen Did you get a 1099-R in 2021? Click on NO, if you did not receive a 2021 Form 1099-R…there was no such question…..and we did not get….we did get 1099’r’s in 2021 for withdrawals we actually made from our IRA’s in 2021, not related to
anything, and that amount does show up on 1040 and elsewhere, but we did not receive any 1099-r’s for the distribution we took in 2020 that we elected to spread over 3 years, 2020-2021-2022.
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 was yes
Answer Yes when asked if you took a Qualified 2020 Disaster Distribution...answer was yes
Check the box that this was a Coronavirus-related distribution reported in 2020….answer was yes
In the box 2020 Form 8915-E, line 4, column b - Enter a 0…we entered $0
If the 2020 distribution was from an IRA account2020 Form 8915E Line 17 - Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 17….correct amounts were entered from 2020 8915
Do not enter anything in the other boxes, leave them blank (empty)…we left this blank
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….the 1/3 for 2021 was NOT automatically populated on 4b….the only amount that was populated was the actual 2021 distributions via 1099-r’s from our IRA’s….