Will Turbo Tax be providing the e-fileable PDF General Dependency Stmt of Form 8915-E, released by IRS, as per IRS statement on Feb. 8 - Alternative File Methods? When?

[Matt94]

Ok so there is a problem with the IRA distribution being reported that TT does know about? That’s what I was trying to report a Trad IRA and it didn’t split the 11,200 for me. I filled out everything correctly and I believe the 10 percent was waived, but the 11,200 was not split into 3 years for a tax liability, because I put the amount 3750 in as a stand alone (not due to Covid) and the difference was like 2-3 K on my taxes in the amount owed compared to the other. If that makes sense?  Any word on a fix?

[Matt94]

So a Trad IRA should disperse? 

[DoninGA]

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@Matt94 wrote:

Ok so there is a problem with the IRA distribution being reported that TT does know about? That’s what I was trying to report a Trad IRA and it didn’t split the 11,200 for me. I filled out everything correctly and I believe the 10 percent was waived, but the 11,200 was not split into 3 years for a tax liability, because I put the amount 3750 in as a stand alone (not due to Covid) and the difference was like 2-3 K on my taxes in the amount owed compared to the other. If that makes sense?  Any word on a fix?

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What amount is shown on the Form 1040 Line 4b?  $3,733 or $7,483?

[DoninGA]

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@Matt94 wrote:

So a Trad IRA should disperse? 

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Yes, if you indicated the withdrawal was Covid-19 related.

[Matt94]

Ok I will check it later and @ you to let you know the numbers on that form. Thanks for your help! Is the Trad form having issues someone said? 

[bomo817]

I just went back into TT online and it appears some changes have been made, but in my opinion the work-around to completing the Form 8606 is questionable.  During the "review return" step, TT directed me to Line 15b of Form 8606 and requested that I enter an amount.  This line requires the amount of total taxable IRA distributions (shown on Line 15a) that are "attributable to qualified disaster distributions".  Fortunately, I have already completed the paper IRS forms and calculated this amount, and by entering my amount the Federal refund was computed and matched my proforma return.  That said, I would have expected the TT program to calculate the Line 15b amount, since all required amounts/entries are available.  Perhaps this is still a 'work-in-progress' on the TT side!

[fanfare]

@DoninGA 

try it (Online) again with a distribution of $100,000

and with a distribution of $120,000

and see if you agree with the results.

[LatonyaHillSmith]

Good Morning, I'm   still waiting for form 8915E to be uploaded.   on 3 different dates.  

[DoninGA]

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@LatonyaHillSmith wrote:

Good Morning, I'm   still waiting for form 8915E to be uploaded.   on 3 different dates.  

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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.

[mav4life]

Im using the website version and its not working it keeps saying Were working on updates related to retirement distributions that qualify for disaster or covid relief we will remove this message when its ready. The mobile app says the same thing

[DoninGA]

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@mav4life wrote:

Im using the website version and its not working it keeps saying Were working on updates related to retirement distributions that qualify for disaster or covid relief we will remove this message when its ready. The mobile app says the same thing

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Clear cache and cookies on your web browser.  See this - https://ttlc.intuit.com/community/troubleshooting/help/how-to-clear-your-cache/01/26135

If after clearing cache and cookies the issue remains, change your web browser.

[mav4life]

Still doesn't work I even chatted with support on the phone and did the screen share on the PC they walked me through how to delete cookies and cache and it still doesn't work I'm using chrome switched to internet explorer and same thing

[bomo817]

TT apparently has not yet completely corrected their programming for COVID related IRA distributions.  I am receiving the same CHECK THIS ENTRY message for both my and my wife's Form 8606.  It reads as follows for both Form 8606-T and Form 8606-S:  "Your calculations could not be completed. Reference code: X-XXX-XXX."

(I did not include the actual reference code for security reasons.)

Further, the online TT program will not allow me to "Fix" the problem, and only enables me to "Connect with expert" in order to proceed.  But the earliest appointment available is around mid-March....thus further delaying refunds in excess of $14K.

Bottom line:  TT has definitely NOT delivered a quality product this year.  How difficult can it be to follow the IRS forms/instructions and make the necessary programmatic changes needed????

[sazzette]

Feb 28th and still no e-fileable 8915-E form from Turbotax. Has anyone had success? When will the 8915-E form be provided?

[DoninGA]

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@sazzette wrote:

Feb 28th and still no e-fileable 8915-E form from Turbotax. Has anyone had success? When will the 8915-E form be provided?

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The  Form 8915-E is included in all the TurboTax online editions since 02/25/2021.

The Form 8915-E was a software update to the TurboTax desktop CD/Download editions on 02/26/2021.

You have to start or edit your Form 1099-R.  Complete entry of the 1099-R and the questions for a Covid-19 related withdrawal will be asked.