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erice111380
New Member

When will turbo tax have it set up to fill out 8915-E form?

Will i have to fill out  two separate 8915E forms if only one spouse took the distribution out of their 401k?
3 Replies
CatinaT1
Expert Alumni

When will turbo tax have it set up to fill out 8915-E form?

You will only fill out one form and you will report this on a Form 8915-E.  The IRS has not yet finalized the Form 8915-E for retirement plan distributions under the CARES act.  So this form cannot be included in the TurboTax program.  You will not be able to proceed until the form is available.

 

The IRS has not communicated when the form will be finalized for inclusion on the 2020 federal tax return.

 

We estimate it will be sometime in February 2021 before the form is available.  You can watch this link for the form availability.  Currently, the form is not listed here since there is no estimated date.  Once there is, you will find the form listed with the date available.  

 

IRS forms availability table for TurboTax individual (personal) tax products

 

Additionally, the IRS will not start processing returns until February 12, so waiting for this form is not slowing down the processing of your return.

 

 

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

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kyanda
Level 2

When will turbo tax have it set up to fill out 8915-E form?

It says the form is available but how can I access it? Can it be done through EFILE? I can’t find it on the turbo tax app.

DoninGA
Level 15

When will turbo tax have it set up to fill out 8915-E form?


@kyanda  wrote:

It says the form is available but how can I access it? Can it be done through EFILE? I can’t find it on the turbo tax app.


Form 8915-E, Qualified 2020 Disaster Retirement Plan Distributions and Repayments is available for both the TurboTax online web-based editions and the TurboTax desktop CD/Download editions.

 

If you are using the desktop editions you have to update your software.  Click on Online.  Click on Check for Updates.

 

You need to enter or edit your Form 1099-R and answer the questions concerning a Covid-19 distribution.

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