Question

When will form 8915-E 2020 be available in turbo tax?

Forum|Forum|5 years ago
January 18, 2021
20 replies
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TurboTax Deluxe Online

The Coronavirus-related relief measures for retirement plan distributions have to be reported on form 8915-E which has not yet been finalized by the IRS. No date has been given by the IRS.

TurboTax will update this section shortly after the IRS releases the final version of form 8915-E and its instructions.

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C

cdsildenafilAuthor

Thank you for the reply. Will Turbo Tax announce this as soon as it becomes available?

Thanks

O

Opus 17

Employee

Probably not, Turbotax doesn't know which forms a particular taxpayer needs and doesn't usually send out blast emails.

For some forms, when you get to the review section in turbotax, it will tell you what forms aren't finished, and in the online version, you can sign up for an email notification. I don't think you can even get that far with form 8915-E yet--the program doesn't know the form even exists, it can't tell you when it will be ready.

This FAQ has forms availability, but 8915-E isn't even listed there. We have reported this for an update.

https://ttlc.intuit.com/community/forms/help/irs-forms-availability-table-for-turbotax-individual-personal-tax-products/00/26224

K

kzigmant

Per the IRS website, both the Instructions and Form for Form 8915-E currently do not have an updated release date.

The draft form was released 11/9/2020. Please see the Draft Instructions and Form below.

Form Draft Insturctions: https://www.irs.gov/pub/irs-dft/f8915e--dft.pdf

Draft Form 8915: https://www.irs.gov/pub/irs-dft/f8915e--dft.pdf

B

BKLAWN

IT IS AVAILABLE PLEASE UPDATE TURBOTAX.

https://www.irs.gov/pub/irs-pdf/f8915e.pdf

K

kbl1320

Does anybody know if this form (8915-E) will be available for electronic filing? I see some of the 8915 forms on the form availability page list 8915 as print only.

DoninGA

Employee

@kbl1320 wrote:

Does anybody know if this form (8915-E) will be available for electronic filing? I see some of the 8915 forms on the form availability page list 8915 as print only.

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.

B

Bosshoney

It is available now. Come on TUBRO and kick in some OT from WFH programmers and get it done.

https://www.irs.gov/pub/irs-pdf/f8915e.pdf

S

SaveMeSomeMoney

HRblock site shows 8915-E form release date of 2/18/2021, but who knows?

P

PattiF

The IRS will be releasing Form 8915-E to use with the 1099-R. Here is more information:

CARES Act and 1099-R Withdrawal.

The software has not been updated yet because the form has not been finalized by the IRS. Once the software has been updated, you will be prompted through the form with instructions on how to enter the information.

The IRS has not provided a release date for the form at this time. Use this link IRS Form Availability to watch for when the 8915-E form will be available in the software once the IRS completes it

.

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N

No29

I efile thru turbo tax how am i suppose to file with a 8915-E form if the form is not ready yet im ready to file my taxes

K

kzigmant

Since the IRS has not released or finalized the Form 8915-E, you won't be able to e-file at this time. You can still efile without it however, you won't receive a waiver of the early withdrawal penalty.

Additionally, the IRS won't be accepting any efiled returns until 2/12/2021. So hopefully they will have the 8915-E ready and released by 2/12. If they don't, that's ok, as whenever the form does become available, you would just sign back into TurboTax and revisit your 1099-R and follow-up questions to make the proper election for the Penalty waiver, then you'll be able to efile your return.

A

AlanT222

At this point and time, Form 8915-E (Qualified 2020 Disaster Retirement Plan Distributions and Repayments (Use for Coronavirus-Related Distributions)) is not finalized. We currently do not have an estimated date when the form is ready.

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

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T

tekna

Thanks! That notification signup link was exactly what I was looking for.

P

PattiF

Yes, once the form is available, you will be able to use the Deluxe online version of TurboTax to complete your taxes.

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M

Matt94

Thanks! Any word on e-filing with this form then? Will I will be able to file electronically through Turbo Tax after I go through everything again (once this form is updated? I withdrew about 12 K and want to spread it out plus avoid the 10% withdrawal fee.

DawnC

Employee

You will be able to waive the penalty and spread the ordinary tax over the 3 years. However, the only timeline we know for sure is that it will be after 02/24. Also, we are unsure about e-filing capability as of now. Some 8915 forms (A, B, and C) are not supported for e-filing. But that may not be the case for the 8915-E; we are still waiting on the IRS to finalize the form. @Matt94

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