Question

When will IRS instructions for disaster distributions be made available?

Forum|Forum|5 years ago
January 27, 2021
1 reply
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I made a withdrawal from my 401(k) due to COVID impact. The 10% early withdrawal fee was waived and I opted to have taxes removed before receiving my distribution. I received my 1099-R and proceeded to file my taxes for 2020, only to then receive a message stating that "You'll need to revisit this area. The IRS instructions related to disaster distributions weren't ready in time for us to include them in this release. Please review this area later.

TurboTax Deluxe Online

M

MinhT1

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 for the finalization of this document.

TurboTax will update this section after the IRS releases the final version of form 8915-E and its instructions. Please revisit this section at a later date.

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