Why is 8915E form not appearing for me on Turbo Tax still?

[TXDAD]

Saying I have to revisit 1099R but doesn't tell me what do I need to do. I did not receive 1099R this year. I took the 401k distribution 2019 under covid umbrella and even opted for 3 year payback in 2020 tax year. 

So the question is, if we have 8915F than why am I not taken to 1099 R or whatever the software has to do to file this tax?

[sirek]

I’m having similar problem. When asked if I received a 1099R form for 2021 I answer no. Next screen asks if you took a disaster distribution in prior year. I answered yes. Next screen asks for info from 2020 8915-E. I opted to spread tax over three year, I fill in all the info then it says I have to revisit the 1099-R retirement topic. However, I didn’t get one for 2021

[DaveF1006]

To clarify, what Turbo Tax product are you using, online or software?

@sirek

[TXDAD]

Desktop,premier he and business

[TXDAD]

Yes, it did it to me too. Any clarification would be great!

[alexc4]

Good News / Bad News - 

Good News - Form 8915-F is now incorporated into TurboTax - I can see both Taxpayer and Spouse versions in the Forms view and when I use the EasyStep view and revisit the 1099 Income section it asks all the correct questions.

Bad News - It does NOT work.  There is a software bug.  It fills part of the form in correctly but it does NOT populate boxes 23, 24, 25 or 26.  I can NOT even add values to these boxes in the "Forms" view.

You can go through the software, it won't fill in the form correctly or recompute the tax owed but does NOT flag any errors and will let you file.  Do NOT file yet or you will most likely get a nasty surprise from the IRS.

TurboTax - please file a bug and get this fixed ASAP.  What is the standard ETA on bug fixes for this kind of issue?

I could always opt for TurboTax's accuracy guarantee - then I guess I would not have to pay any penalties 🙂

Thanks,

Alex

[alexc4]

Looks like the bug is in Form 8915-E for 2021.  When I populate those fields correctly in the Forms view it populates Form 8915-F correctly and correctly calculates the tax.

But an error pops up in Form 8915-E requiring the FEMA disaster number - which there is not one for Coronavirus.

[TXDAD]

I did get the FEMA disaster number error. Which itself shouldn't be asking. But in top of that, you can simply uncheck the box right above in the same form and it removes the error. 

As I have read in the same thread, the fix is buggy and needs fixing. I would wait to file it in this situation

[alexc4]

I didn't notice the box above the FEMA disaster number error - good catch!

I opted to just type "coronavirus" in the box that popped up to fix the error, then I filed my taxes.

I have received messages from both the Federal government and State of California that my returns have been accepted.  So it passed that hurdle 🙂

[TXDAD]

Thanks for the update! Anyone from intuit can shed some light into this?

[tmickla]

I started my 2021 taxes prior to the new 8915-F form being available...I just went in, entered my information from my 2020 8915-E form so I can pay the second year of taxes on the coronavirus retirement distribution and the program is not calculating the tax owed. 

[DoninGA]

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@tmickla wrote:

I started my 2021 taxes prior to the new 8915-F form being available...I just went in, entered my information from my 2020 8915-E form so I can pay the second year of taxes on the coronavirus retirement distribution and the program is not calculating the tax owed. 

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You have to enter the 2nd year of the distribution amount in both boxes for the type of distribution so the amount will be entered on your Form 1040 Line 4b or 5b as taxable income.

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

[tmickla]

Thank you for the response! As TurboTax walks me through the prompts, I am answering the questions correctly in that I'm entering what it's asking for from the 2020 8915-E form.  Entering 1/3 of the second year amount for line 9, leaving 10 blank, etc.  the program is not calculating tax owed for 5b... not sure what else to do except start my return all over and hope it calculates.  

[DaveF1006]

It depends. Did you enter the taxable amount in both Line 9 boxes? if you did, it will appear as taxable income in both the 8915-F and 5b on the 1040.

@tmickla

[tmickla]

THANK YOU DaveF1006!  I had not entered the amount in both line 9 boxes, once I did this the program calculated tax owed!  Again, appreciate the guidance.