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arahja6332
New Member

When will the IRS Instructions for disaster (covid 19) distributions be available? Does anyone have a ballpark idea?

 
2 Replies
ColeenD3
Expert Alumni

When will the IRS Instructions for disaster (covid 19) distributions be available? Does anyone have a ballpark idea?

Unfortunately, no. You can't rush the IRS.

 

Form 8915 -E is not yet finalized by the IRS.

 

At this point and time the Form 8915-E (Qualified 2020 Disaster Retirement

Plan Distributions and Repayments (Use for Coronavirus-Related Distributions)) is not finalized. We currently do not have an estimated date when the form is ready.

 

Please sign-up here and we will email you once the form is live.

 

This is an early release draft of an IRS tax form, instructions, or publication, which the IRS is providing for your information. Do not file draft forms and do not rely on draft forms, instructions, and publications for filing. We do not release draft forms until we believe we have incorporated all changes.

 

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SteamTrain
Level 15

When will the IRS Instructions for disaster (covid 19) distributions be available? Does anyone have a ballpark idea?

At least for the 10% penalty part....

 

"The 8915-E Form is projected to be e-fileable starting 02/24/2021"

 

https://ttlc.intuit.com/community/tax-topics/help/why-am-i-getting-getting-a-10-penalty-on-my-1099-r...

*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
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