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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- Re: What to do about 8915F
What to do about 8915F
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BevP
Level 2
03-04-2022
11:44 AM
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If taxpayer did 3 years for distribution for the first year being 2020 and then paid back the full amount by may 1 2021 what needs to be done. I was waiting for the 8915F to indicate the payback but must I amend 2020 as well.
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3 Comments 3
Just-Lisa-Now-
Level 15
03-04-2022
12:00 PM
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Wait a few more weeks for the 8915F to be ready, or use this workaround
the instructions arent final, but should be able to explain how the repayment works
https://www.irs.gov/pub/irs-dft/i8915f--dft.pdf
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
TaxGuyBill
Level 15
03-04-2022
12:05 PM
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@Just-Lisa-Now- wrote:
the instructions arent final,
Instructions have been final for over 3 weeks.
https://www.irs.gov/pub/irs-pdf/i8915f.pdf
rbynaker
Level 13
03-04-2022
12:49 PM
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If repaid in full you will amend the 2020 return and report the repayment on an amended 8915-E. My read of the instructions, you will also report this on an 8915-F for 2021 and an 8915-F for 2022 (just reporting to show no taxable income due to the repayment).
