Level 5

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8915-F

Forum|Forum|4 years ago
March 18, 2022
46 replies
124 views

I see that ProSeries has added 8915-F for 2021. However, it is NOT visible in the forms library in the program. I searched for availability and it isn't listed at all. Does anyone know when it will be available?

ProSeries Professional

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Best answer by Jim-from-Ohio

03.24

Jim-from-Ohio

Answer

Intuit Community Champion

03.24

G

gary1861Author

Level 5

Thank you. Do you know if ProSeries will somehow automatically pick up the information from the 2020 return or will this be a manual task for every client that elected the deferral? It isn't in the carryover worksheet. So I may need to run a query to see which clients claimed this option.

qbteachmt

Level 15

The 8915-F has been listed all along, but it is not sequential. Use Find, and "8915-F" will show:

Form 8915-F, Qualified Disaster Retirement Plan Distributions and Retirements (Spouse)	Final on 03/24/2022, EF on 03/24/2022
Form 8915-F, Qualified Disaster Retirement Plan Distributions and Retirements (Taxpayer)	Final on 03/24/2022, EF on 03/24/2022

Don't yell at us; we're volunteers

qbteachmt

Level 15

@Ephesians3-14 Provides this reference:

"IN the 2020 software, set up a custom view. Select the TOTAL IRA, TAXABLE IRA AND TAXPAYER AGE fields. Then visually scroll down by age and compare the total TAXABLE IRA column to the TOTAL IRA column. That way I was able to identify all of my clients who made this election."

Don't yell at us; we're volunteers

M

mm1

Level 5

I am going to have to try this. It is now 3-24 and there still is no Query available. Yes, we should know which clients but my people are exhausted and I am afraid we will miss someone (or have already done so). Thank you.

S

sewcpa

Level 6

The query was recently added in the 2020 program (it took a while to go thru my database of 1000 tax returns from last yr)

The query lists both those that did the 3 yr spread and those that reported all $ in 2020 but used the exception for 10% penalty. So I went thru the print out and noted which were which.

R

rcooley25

Level 7

It should be there now.

B

birch

Level 2

I have been doing the 8915-E worksheet for the 3 year carryover and it is flowing to the 8915-F which adds 1/3 of the distribution correctly to the tax return. However, 8915-F is not an active form in the tax return and does not show that it will be filed. Does anyone know if it needs to actually be filed with the tax return if the distribution was in 2020 or is there something I am missing?

dkh

Level 15

@birch Yes, The 8915-F needs to be filed with the return if there is a 1/3 carryover to 2021. It should show in Forms in Use - mine does.

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