About rsalvado003

Level 2

Member profile

Latest badges earned

Replies
Posts

Re: When will the 2021 8915-f form be available on Turbo Tax to efil...

10% penalty was waived on the full amount drawn for covid when you filed your 2020 return. You are simply spreading the taxable draw over a period of three year...

rsalvado003

Updated Apr 13, 2023
Re: When will the 2021 8915-f form be available on Turbo Tax to efil...

Very true. I have to admit I used to have this line of thinking. In reality, refund = tax free loan to the government.

rsalvado003

Updated Apr 13, 2023
Re: When will the 2021 8915-f form be available on Turbo Tax to efil...

TT is more likely calculating a 10% penalty (incorrectly). Once 8915-F becomes available in TT, 1/3 of your covid draw should be the only portion that is taxabl...

rsalvado003

4

Updated Apr 13, 2023
Re: When will the 2021 8915-f form be available on Turbo Tax to efil...

You will need to file Form 8915-F for 2021 return to report the taxable amount from the Covid-qualifying withdrawal made in 2020 that was reported on your 2020 ...

rsalvado003

Updated Apr 13, 2023

Membership stats

Public Statistics

Date Registered	‎April 8, 2021 4:12 PM
Date Last Visited	‎April 11, 2022 10:20 AM
Total Messages Posted	4
Total Cheers Received	1

Quick links

©1997-2024 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

Security Certification of the TurboTax Online application has been performed by C-Level Security.

By accessing and using this page you agree to the Terms of Use.