For reporting Disaster distributions from 2020 in tax year 2021 filings and beyond, the IRS issued this draft as 8915-F as a "permanent" form.
"Reporting coronavirus-related and other distributions for qualified 2020 disasters made or received in 2020. This form replaces Form 8915-E for tax years beginning after 2020."
"Qualified 2019 and earlier disasters. Do not use Form 8915-F to do the following.
• Repay qualified 2017 disaster distributions. Use Form 8915-B for those repayments.
• Repay qualified 2018 disaster distributions. Use Form 8915-C for those repayments.
• Repay, and report income from, qualified 2019 disaster distributions. Use Form 8915-D for those repayments and income."
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Thank you so much for your response. I appreciate it. Be safe
Is form 8915-F currently in Turbo Tax Deluxe?
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Thanks.
But you put out a call and they answered 😀
I am a little confused on the 8915-F. Does that mean that I wouldn't use 8915-E for 2020 information? As in input all of that into the 8915-F? I hope that makes sense.
Yes - but there shouldn't be that much heavy lifting to get the information inputted.
"Does that mean that I wouldn't use 8915-E for 2020 information?"
Consider Tax Year and Disaster Year.
Form 8915-E is for Disaster Year 2020 for filing or amending Tax Year 2020. That is used for one year only.
Form 8915-F, or "forever" form, is for Disaster Years 2020 and later, for filing Tax Years 2021 and later.
Any idea when the 8915F will be ready and will we be able to efile in proseries?
thanks
Mark
"Any idea when the 8915F will be ready"
Your program resources and the web page both were updated, from March 31 to March 24.
"and will we be able to efile in proseries?"
People are filing now.
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