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How do I use Form 8915 to report my 2020 COVID-related retirement distributions in 2021?

SOLVEDby TurboTax446Updated April 12, 2022

Form 8915 is used to report a disaster-related retirement distribution, and any repayments of those funds. For tax year 2021, Form 8915-F will replace Form 8915-E, which was the form used to report 2020 COVID-related qualified disaster distributions.

 Note: If you took a 2020 COVID distribution—and didn’t elect to pay tax on the entire amount—your 2021 tax return will include Form 8915-F, which reports the taxable amount for 2021 (One-third of the total amount of the 2020 distribution) and the amount to be carried forward to 2022.

For instructions on how to enter your 2020 COVID-related retirement distribution, select the type of distribution you chose and follow the steps:  

If you took a distribution from a retirement plan (other than an IRA) follow these instructions:  

  1. Sign in to your TurboTax account
  2. Open or download your 2020 tax return PDF (you’ll need this open for reference)
  3. Go to the 8915-E section on your 2020 return 
    • Note: If you’re having difficulty finding 8915-E, open your 2020 tax return PDF,  hold down the ctrl + f key, and type 8915 in the search bar 
  4. Then, select Federal from the TurboTax menu
  5. Select Wages & Income (Income & Expenses in TurboTax self-employed)
  6. Locate the Retirement Plans and Social Security section and select Show more
  7.  Select Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R) 
  8. Choose the appropriate answer to Did you get a 1099-R in 2021? 
    •  If you received a 1099-R for 2021, enter the form if you haven’t already done so
    • Select Continue
  9.  Answer Yes to Have you ever taken a disaster distribution before 2021? 
  10. Select Continue
  11. Answer Yes to Did you take a 2020 Qualified Disaster Distribution?
  12.  Select the box next to If this was a Coronavirus-related distribution reported in 2020 check box
  13. Enter the amount from your Form 8915-E, line 4, column b, and select Continue
  14. Select to complete Qualified 2020 Disaster Distribution From Retirement Plans (other than IRAs)
  15. Go back to the 8915-E section in your 2020 return 
    • Note: Form 8915-F won’t generate because it’s not required. You only need the 2020 8915-E info for your 2021 tax return
  16. Review Part II of your 2020 8915-E form
  17. See if the box on line 9 is checked 
    •  If this box is checked, enter 0 in the first box under the section in TurboTax
    • If this box isn’t checked, enter the amount from line 9 in the first box under the section in TurboTax
  18.  Enter the amount from your 2020 Form 8915-E, line 10 into the second box under the section in TurboTax 
    • If the box is blank on your 8915-E, leave the line blank in TurboTax
  19. Enter the amount from your 2020 Form 8915-E, line 9 into the third box under the section in TurboTax. 
    • Note: If the checkbox on line 9 on Form 8915-E isn't checked, box 1 and box 3 in TurboTax will show the same amount
  20. Enter any repayments you made on the following page
  21. Select Continue
  22. If you only took a distribution in 2020, answer No, I didn’t to the question, Did you take a disaster distribution in 2017, 2018, or 2019? 
  23. Select Continue to finish the section
    • Note: If you receive an error message requesting a disaster name or type, enter Virus SARS-CoV-2 or Coronavirus Disease 2019 to clear the error

If you took a distribution from a traditional, SEP, SIMPLE or Roth IRA retirement plan, follow these instructions: 

  1. Sign in to your TurboTax account
  2. Open or download your 2020 tax return PDF (you’ll need this open for reference)
  3. Go to the 8915-E section on your 2020 return 
    • Note: If you’re having difficulty finding 8915-E, open your 2020 tax return PDF,  hold down the ctrl + f key, and type 8915 in the search bar 
  4. Then, select Federal from the TurboTax menu
  5. Select Wages & Income (Income & Expenses in TurboTax self-employed)
  6. Locate the Retirement Plans and Social Security section and select Show more
  7.  Select Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R) 
  8. Choose the appropriate answer to Did you get a 1099-R in 2021? 
    •  If you received a 1099-R for 2021, enter the form if you haven’t already done so
    • Select Continue
  9.  Answer Yes to Have you ever taken a disaster distribution before 2021? 
  10. Select Continue
  11. Answer Yes to Did you take a 2020 Qualified Disaster Distribution?
  12.  Select the box next to If this was a Coronavirus-related distribution reported in 2020 check box 
  13. Enter the amount from your Form 8915-E, line 4, column b and select Continue
  14. Select to complete Qualified 2020 Disaster Distribution (from Traditional, SEP, SIMPLE, and Roth IRAs)
  15. Go back to the 8915-E section in your 2020 return 
    • Note: Form 8915-F won’t generate because it’s not required. You only need the 2020 8915-E info for your 2021 tax return
  16. Review Part III of your 2020 8915-E form
  17. Review the section on the form to see if the box on line 17 is checked 
    •   If this box is checked, enter 0 in the first box under the section in TurboTax
    • If this box isn’t checked, enter the amount from line 17 in the first box under the section in TurboTax.
  18. Enter the amount from your 2020 Form 8915-E, line 18 into the second box under the section in TurboTax 
    • If the box is blank on your 8915-E, leave the line blank in TurboTax
  19. Enter the amount from your 2020 Form 8915-E, line 17 into the third box under the section in TurboTax. 
    • Note: If the checkbox on line 17 on Form 8915-E isn’t checked, box 1 and box 3 in TurboTax will show the same amount
  20. Enter any repayments you made on the following page
  21. Select Continue
  22. If you only took a distribution in 2020, answer No, I didn’t to the question, Did you take a disaster distribution in 2017, 2018, or 2019? 
  23. Select Continue to finish the section
    • Note: If you receive an error message requesting a disaster name or type, enter Virus SARS-CoV-2 or Coronavirus Disease 2019 to clear the error

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