Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Anyone have a solution for Form 8915-B?

Accurate Taxes
Level 1

Is anyone's form being pre-populated with previous amounts from 2020? Or are you entering manually; and is it working? No matter what I do it's not working for me.

0 Cheers
3 Comments 3
dkh
Level 15

My solution would be to use 8915-E (for tax year 2020)  instead of 8915-B (for tax year 2017)

Just-Lisa-Now-
Level 15
Level 15
8915B should be gone now, shouldnt it? Wasn't that for 2018 disasters so 2018, 2019, 2020 were the payback years?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
qbteachmt
Level 15

This will be the final year for -B, because there could have been payouts in 2018 for a 2017 disaster.

"The repayment period for a qualified 2017 disaster distribution ends 3 years and 1 day after the distribution was received. Repayments reported on 2021 Form 8915-B can be used to reduce the income from qualified 2017 disaster distributions made in 2018 and reportable on your 2018, 2019, or 2020 tax return. The amounts from lines 5 and 10 of 2021 Form 8915-B can only be carried back to reduce that income. If you have already filed your tax return for the year in question, you will need to amend that return.

Last revision.

The 2021 revision is the last revision of Form 8915-B and these instructions."

*******************************
"Level Up" is a gaming function, not a real life function.
0 Cheers