Form 8915F

[rcooley25]

Well folks we made it thru our first day with the infamous form 8915F. I did okay and I would expect while the first couple of tax returns might have been troublesome for some after that I would think it might have been a snap.

[Just-Lisa-Now-]

Looks like theres a glitch with that 8915F and current 2021 year retirement distributions.  The current year distribution isnt transferring to the 5b taxable line, only the 8915F portion shows up. 

This can be a huge issue, so verify that the returns youve worked on are really correct.

IRAs on line 4b seem to work as intended, but Line 5b doesnt.

[garman22]

interesting, are you saying the amount that transfers works as intended but if client took additional withdrawals in 2021 the software is not pulling those amounts?

[sjrcpa]

Yep.

Form 8915f - Intuit Accountants Community

[garman22]

Not good. They had a million years and still goofed it up. oh boy. 

[taxiowa]

Mine works as intended.  The current year retirement from 401K populates and is added to the carryforward coronavirus retirement deferral.  The correct amount shows up on 5b.  I am not sure who is pulling your leg but what you say is not true Lisa. 

@Just-Lisa-Now- where are you showing this huge issue?  Can you show me how you duplicated it?

[Just-Lisa-Now-]

I saw someone else report this and when I tried it I saw the same thing...but I its operator error, Im putting the amount in the wrong place on the 8915E!

[Just-Lisa-Now-]

its the 2021 disaster distribution that arent flowing properly...I was putting the 2020 Covid one in the wrong place!

Gawd its been a horrible day today. 😕

[taxiowa]

Good.  I thought my program was screwed up for doing it correctly.

[ljr]

I'm doing something wrong too because it didn't flow over - sigh - maybe after more coffee I can figure it out 

[ljr]

ok - if you haven't done much work on the return and have transferred before the update - delete the file and retransfer - wow now it flows. 

[jclark11]

So if I had a return with info almost done and waiting for the form it won't transfer. So I have to delete the file and start over.