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February 16, 2021
Question

.. The IRS instructions related to disaster distributions weren't ready in time for us to include them in this release. Please revisit this area later.? When will be done

  • February 16, 2021
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February 16, 2021

The 8915-E Form is projected to be e-fileable starting 02/24/2021.

  • At this time, TurboTax has not received nor gotten the final approval from the IRS for Form 8915-E (Qualified 2020 Disaster Retirement Plan Distributions and Repayments (Use for Coronavirus-Related Distributions)).

 

Please sign-up here and we will email you once the form is live.

 

Those who qualify as individuals directly impacted by the pandemic will be able to withdraw up to $100k from their retirement accounts without facing the 10% early withdrawal penalty.

 

You qualify if:

  • You, your spouse, or your dependent are diagnosed with COVID-19
  • You experience adverse financial consequences as a result of being quarantined, furloughed, or laid off
  • You had work hours reduced to COVID-19
  • You’re unable to work due to child care closure or hour reduction

As things change, TurboTax is continually updated and able to handle every situation that arises to ensure your taxes are done right, so you’ll receive your maximum refund. 

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