Question

Amendment Form 8915

Forum|Forum|3 years ago
January 24, 2023
1 reply
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On my 2020 tax return, I took and early distribution from IRA due to COVID-19 and agreed to pay the taxes over 3 years which created a form 8915-E. When I filled my 2021 taxes last year, I did it before the new 8915 form was released. I am trying to go back and amend my 2021 return to account for the 2nd of the 3 tax payments. However when I go through the questionnaire about the 2020 early withdrawal it seems to be calculating my tax based on a separate non-disaster 1099 withdrawal on my 2021 return that was present when I filed last year rather than the 2020 1099 that was to be divided up amongst 3 years. Has anyone else had this problem? I have no idea how to get it fixed.

TurboTax Premier Online

fanfare

Employee

@wrfarmer

you have two choices.

A) continue to struggle with TurboTax Form 8915-F process.

B)

get Form 8915-F from the IRS and do it yourself . line 23, 24, 26 for IRAs.
use TurboTax to enter one third of distribution as "other income" on 1040. This will give you your new AGI and tax.
get Form 1040-X from the IRS and fill it out yourself or, use the TurboTax generated 1040-X, which should be correct if in Part III explanation you refer to Form 8915-F, not Other Income. Note: some have reported that TurboTax Form 1040-X does not come out correct for their amendment.

When submitting Form 1040-X, do not include your old 1040 nor your revised 1040 because the Form 1040-X reflects any changes there and becomes your new tax return. Therefore the "other income" trick does not get seen by IRS.