As of now Form 8915-F is scheduled to be ready on 3/24/2022. Please see IRS forms availability table for TurboTax individual (personal) tax products for additional information and any changes.
Once the section is available follow these steps to report any further tax to be paid or any repayment:
What if you paid all taxes on it in 2020 and did not make any more distributions or any repayments in 2021-- why do i still need to wait for this form?
No, if you paid all of the taxes on your 2020 distribution, you do not need Form 8915-F.
If you are getting a message that you have to wait for Form 8915-F and you do not need to file it, you can delete it from your tax return.
If you are using TurboTax Online:
If you are the Desktop version (disc or download):
TaxAct 2021 had this form available for use/filing, three weeks ago. TurboTax is way behind the competition. TurboTax needs to make extreme changes in administration/programming if they are to maintain their predominant position in tax filing for individuals. I will certainly continue to use TaxAct 2021 even though it's not at user friendly as TurboTax. But a little thought and TaxAct is good enough.
After you enter yes to distributions prior to 2021 it then does not recalculate your distribution to 1/3 of 2020. Federal tax due does not change or update in TurboTax?
I am having this same issue and cannot find online help from turbotax!
When I'm attempting to enter my disaster reason, Covid-19 is not an option from the drop down menu. I was specifically told it would be available for use for this purpose!
@mcmullpa wrote:
I am having the same issue as well
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
This is where I'm stuck. I tried yesterday, March 26th, and after checking the Covid checkbox, and Yes to Disaster Distribution on 2020, etc. It does not recalculate the taxes due. No place to enter the 1/3 amount also. I did it a few times in case I missed something to no avail. Seems like this section is sort of half baked for now.
@jpass12 wrote:
This is where I'm stuck. I tried yesterday, March 26th, and after checking the Covid checkbox, and Yes to Disaster Distribution on 2020, etc. It does not recalculate the taxes due. No place to enter the 1/3 amount also. I did it a few times in case I missed something to no avail. Seems like this section is sort of half baked for now.
Go back to the Retirement Income section for a Form 1099-R and review your answers.
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
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 just did mine, it worked. The key is to enter 1/3 of the amount from the 2020 distribution in both boxes for Line 17.
I cannot find the 8915 F form online. It is asking me to review my 1099 R. Do I just delete this since I did not receive a 1099 R form this year? How do I get to the 8915 F form? I took out for Covid and am wanting to pay the 1/3 for this year but don't know where to start!
@Lucy03 wrote:
I cannot find the 8915 F form online. It is asking me to review my 1099 R. Do I just delete this since I did not receive a 1099 R form this year? How do I get to the 8915 F form? I took out for Covid and am wanting to pay the 1/3 for this year but don't know where to start!
Yes, delete the Form 1099-R. Then when asked if you received a 2021 Form 1099-R answer NO.
Answer Yes when asked if 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 spent over an hour and a half on the phone with a representative from TurboTax… She could not find form 8915 – F for the online version. She suggested that I wait until after 1st of April!
I deleted the 1099 R form but I cannot figure out when asked if you received a 2021 Form 1099-R answer NO. I deleted the 1099 R form so where do I go from there? I cannot locate the 8915 F form. My head is spinning! There are no questions to answer.
@Maryann809 wrote:
I spent over an hour and a half on the phone with a representative from TurboTax… She could not find form 8915 – F for the online version. She suggested that I wait until after 1st of April!
The Form 8915-F was included in the TurboTax online editions in the early evening of 03/23
You complete the Form 8915-F in the Retirement Income section of the program for a Form 1099-R. The information you are asked to provide is entered on Form 8915-F by the program and included with the tax return when it is filed.
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 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 thought it was just me! I have looked everywhere for this form online and it's just not popping up on Turbo Tax. Ugghh!
@Lucy03 wrote:
I deleted the 1099 R form but I cannot figure out when asked if you received a 2021 Form 1099-R answer NO. I deleted the 1099 R form so where do I go from there? I cannot locate the 8915 F form. My head is spinning! There are no questions to answer.
Enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R
On the screen Did you get a 1099-R in 2021? Click on NO and continue answering the questions as I posted above.
I went over this multiple times with the rep. Where are you suggesting to start if I do not have a 1099-r? Every way we tried it, it never has a box to check for Covid.
It is not asking me that question. It just brings up the 1099-rs that I’ve already entered.
@Maryann809 wrote:
I went over this multiple times with the rep. Where are you suggesting to start if I do not have a 1099-r? Every way we tried it, it never has a box to check for Covid.
As previously stated -
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 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
Then follow the procedure I previously posted.
There is no box or dropdown for Covid-19. The Form 8915-F is completed by the program after you enter the 1/3 of the amount from the distribution in 2020.
@Maryann809 wrote:
It is not asking me that question. It just brings up the 1099-rs that I’ve already entered.
Did you delete all the Form 1099-R's that were listed in your account when deleting the Form 1099-R?