The 2020 Covid Distribution is not transferring over to 2021--- 1/3 should be taxable in 2021
Where/How do we enter it?
This discussion has been locked. No new contributions can be made. You may start a new discussion here
When is the more proper question. I believe that others have reported that the form 8915-F is expected mid to late March.
IRS hasnt finalized the form thats needed (8915F), so its not included in the software yet.
Tentative date is set for 3/17, we're all hoping that date gets moved to a sooner one!
@Just-Lisa-Now- wrote:
IRS hasnt finalized the form thats needed (8915F), so its not included in the software yet.
No, it is not in the software yet because the Intuit developers are clueless. The draft version has been available for over 4 months.
Because the IRS has not finalized the form, the software won't be able to file the form yet. But there is no reason why a draft version can't be in the software to do the carryover and the calculations.
I agree with @TaxGuyBill
There is no reason why the draft version is not in the software that at least will capture the carryover numbers.
As of right now I won't even transfer over and start any of my clients that will need the 8915F.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.