Form 8915 is used to report a disaster-related retirement distribution, and any repayments of those funds. For tax years 2021 and 2022, Form 8915-F replaces Form 8915-E, which was the form used to report 2020 COVID-related qualified disaster distributions. (How do I know if I qualify?)
For tax year 2022 reporting, Form 8915-F is available as of March 9, 2023.
Note: If you took a 2020 COVID distribution—and didn’t elect to pay tax on the entire amount—your 2022 tax return will include Form 8915-F, which reported the taxable amount for 2021 (one-third of the total amount of the 2020 distribution) and the amount to be carried forward to 2022 (also one-third of the total amount).
For instructions on how to enter your 2020 COVID-related retirement distribution, select the type of distribution you chose and follow the steps:
How to enter info if you took a distribution from a retirement plan other than an IRA
If you took a distribution from a retirement plan (other than an IRA), follow these instructions:
- Sign in to your TurboTax account
- Open or download your 2020 tax return PDF (you’ll need this open for reference)
- 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 keys, and type 8915 in the search bar
- Then, select Federal from the TurboTax menu
- Select Wages & Income
- Locate the Retirement Plans and Social Security section and select Show more
- Select Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R)
- Choose the appropriate answer to Did you get a 1099-R in 2022?
- If you received a 1099-R for 2022, enter the form if you haven’t already done so
- Select Continue
- Answer Yes to Have you ever taken a disaster distribution before 2022?
- Select Continue
- Answer Yes to Did you take a 2020 Qualified Disaster Distribution?
- Select the box next to If this was a Coronavirus-related distribution reported in 2020 check box
- Enter the amount from your Form 8915-E, line 4, column b, and select Continue
- Select to complete Qualified 2020 Disaster Distribution From Retirement Plans (other than IRAs)
- 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 2022 tax return
- Review Part II of your 2020 8915-E form
- 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
- 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
- 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
- Enter any repayments you made on the following page
- Select Continue
- 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?
- 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
How to enter info if you took a distribution from a traditional, SEP, SIMPLE, or Roth IRA
If you took a distribution from a traditional, SEP, SIMPLE or Roth IRA retirement plan, follow these instructions:
- Sign in to your TurboTax account
- Open or download your 2020 tax return PDF (you’ll need this open for reference)
- 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 keys, and type 8915 in the search bar
- Then, select Federal from the TurboTax menu
- Select Wages & Income
- Locate the Retirement Plans and Social Security section and select Show more
- Select Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R)
- Choose the appropriate answer to Did you get a 1099-R in 2022?
- If you received a 1099-R for 2022, enter the form if you haven’t already done so
- Select Continue
- Answer Yes to Have you ever taken a disaster distribution before 2022?
- Select Continue
- Answer Yes to Did you take a 2020 Qualified Disaster Distribution?
- Select the box next to If this was a Coronavirus-related distribution reported in 2020 check box
- Enter the amount from your Form 8915-E, line 4, column b and select Continue
- Select to complete Qualified 2020 Disaster Distribution (from Traditional, SEP, SIMPLE, and Roth IRAs)
- 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 2022 tax return
- Review Part III of your 2020 8915-E form
- 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.
- 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
- 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
- Enter any repayments you made on the following page
- Select Continue
- 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?
- 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
