How to enter coronavirus-related retirement plan distributions in ProConnect Tax

Attaching Form 8915-F as a PDF

ProConnect Tax will generate a suggestion reminding you to attach this form as a PDF for e-filing. To generate the form as a PDF:

1. Go to the File Return tab.
2. Select Partial Print on the left side of the screen.
3. Check the box for 8915F.
4. Click the Create PDF button.
5. Press Download PDF. The form will open in a new tab, where you can save it to your computer.

Once the form is saved to your computer, go to the Check Return tab and select the suggestion beginning "Form 8915F" to upload and attach your PDF.

To generate the 8915-E:

1. On the left-side menu, select Income.
2. Select Pensions, IRAs (1099-R).
3. Select the Details button at the end of the desired row.
4. Complete the Payer Information section if any federal or state tax withholding is present.
5. Scroll down to the Form 1099-R section and enter the amounts from the Form 1099-R your client received.
6. Select the More button at the top right of the input area, and select the Less Common Scenarios section.
   
7. Scroll down to the Form 8915 (Qualified Coronavirus-Related/Disaster Relief for Retirement Plans) section.
8. Enter the amount of Qualified coronavirus-related/disaster recovery distributions included in gross distribution.
9. Enter any Repayments made on or before 12/31/20 and Repayments made after 12/31/20 but before filing return. These repayments will reduce distributions subject to tax in 2020.

ProConnect Tax will generate Form 8915E and elect to spread the taxable amount over 3 years by default. If you don't want to make that election, check the box labeled Elect not to average over three years.

Number of months of disaster payments

If this 1099-R is:

• from a pension for which you use the simplified method to calculate the taxable amount,
• and some, but not all, of the payments reported on this 1099-R are qualified disaster recovery distributions

You must enter the months your client received disaster recovery payments in Number of months of disaster recovery payments, if simplified method. Under this circumstance, two simplified method worksheets will be completed - one for the qualified disaster recovery distributions, and one for the other pension distributions. The number of months you enter will be used to calculate line 5 of both simplified method worksheets.

If this 1099-R doesn't meet both of the above conditions, you can leave the Number of months of disaster recovery payments, if simplified method field blank.

Limitations on multiple disasters

The program assumes all qualified disaster distributions are related to a single disaster, and by default applies the overall $100,000 limitation on Forms 8915-C, 8915-D, and 8915-E.

If you have multiple disasters, and the qualified distributions are greater than $100,000, then you must manually limit the sum of the amount(s) you enter in Qualified coronavirus-related / disaster distributions included in gross distribution to an overall $100,000 per disaster event. Then, check the box to Suppress $100,000 limitation on 2020 Form 8915-E (multiple disasters, manual limitations being applied). The program will apply no limitations on Form 8915-E when this box is checked.