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January 28, 2021
Question

When will Covid-19 Disaster information will be released? I keep getting "You'll need to revisit this area: disaster distributions weren't ready in time for us....."

  • January 28, 2021
  • 1 reply
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Anyone know when the software will be updated? I withdrew money because of Covid-19 from my SEP-IRA, and I'm looking to spread the taxes over three years.

I'm hit with a "You'll need to revisit this area. Unfortunatly, IRS instructions related to disaster distributions weren't ready in time for us to include them in this release. Please revisit this area later."

1 reply

DoninGA
Employee
January 28, 2021

The IRS has a new Form 8915-E for COVID-19 related retirement account withdrawals.  This form has not been finalized by the IRS for filing with a 2020 federal tax return.  The IRS has not announced when this form will be available.  Once available it will be included in the TurboTax software.

We estimate the form may be available sometime in February.