Skip to main content
March 13, 2025
Question

How do I fill out an 8915F for qualified disaster distibution from 401k for 2024

  • March 13, 2025
  • 1 reply
  • 0 views
No text available

1 reply

March 13, 2025

Since you lived in a federally declared disaster area, you can abate the penalty on up to $22,000 of distributions.

 

Here's how to enter this in TurboTax Online:

  1. Navigate to Federal > Wages & Income > IRA, 401(k), Pension Plan Withdrawals (1099-R) Add/Edit
  2. Edit the 1099-R if you have already begun entering the information or Add a 1099-R
  3. Enter the information from the 1099-R
  4. Continue through interview, on the screen Do any of these situations apply to you? choose I took out this money due to a qualified disaster
  5. Continue through interview, you will be asked Was this a withdrawal due to a 2023 or 2024 Qualified Disaster?, select the appropriate year.