Three year split of 2020 IRA not appearing (carrying into) 2021

Forum|Forum|4 years ago
January 21, 2022
2 replies
12 views

Client chose to spread distribution over 3 years and 8915 was completed in 2020 Proseries. Opening up client's 2021 file shows no trace of the carryforward!

-Anyone else seeing this?

-Is there any alert or note to alert/remind us this client elected this option last year?

- I see that PS won't release 8915F until March but does that form really need to be completed again in 21 if withdrawal was in 2020?

Thanks for any input.

ProSeries Professional

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Yes, the 8915F will need to be included. You can give your client an idea where they stand by plugging that 1/3 amount into a dummy 1099R, but you wont be able to complete the return until that 8915F is ready to go.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

J

jeffmcpa2010

Level 10

Scratch that. (IE ignore my initial response)

I see that the release date is already referenced in the OP. I do believe that you will need to wait for the form prior to filing. (At least that is what I will do.)

qbteachmt

Level 15

I just checked and the IRS still has not released it, so Intuit can't, either. I wrote a Macro reply:

You are waiting for Form 8915-F. This topic covers the various Form 8915-X uses:
https://proconnect.intuit.com/community/tax-talk/discussion/form-8915-e-will-now-be-8915-f/01/186194#M6873

Intuit shows March 17 as the planned release date and the IRS release will show up here:
https://apps.irs.gov/app/picklist/list/formsPublications.html?value=8915-F&criteria=formNumber&submitSearch=Find

Don't yell at us; we're volunteers

G

Gr8fulAuthor

Level 2

Thanks all for the replies. I sure hope that PS will be able to pull the carryover amounts in once they get this updated. I know we should be cognizant of any carryovers but keeping track of figures that carryover over for hundreds of clients manually is not the safest solution.

S

steve5

Level 5

That is for sure!

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