Form 8915-F is used to report a disaster-related retirement distribution (including COVID-related distributions) and any repayments of those funds. For Tax Year 2021, Form 8915-F replaced Form 8915-E.
Here's two important things you need to know about this form:
- In prior tax years, Form 8915-E allowed you to spread the taxable part of the distribution over three years
- This distribution schedule is no longer an option with Form 8915-F, but you can still report prior-year distribution amounts on your 2021 return
We'll complete and include Form 8915-F with your return if you qualify. Just enter your Form 1099-R and answer a few questions to determine your eligibility.
Note: You can learn when Form 8915-F will be available in TurboTax here.