If you filed Form 8915-E in 2020 because you took a retirement distribution due to Coronavirus hardship, then the IRS will require you to file a 8915-F for 2021 and 2022.
If you filed an 8915-F for a different qualifying disaster distribution you will need to complete this entry as well.
You will create this form 8915-F in the program under the:
- Federal Section
- Income (Select My Forms)
- 8915-F
What if I claimed the full distribution?
If you elected to claim the full distribution in 2020, but filed the 8915-E so that the distribution was not subject to the 10% early withdrawal penalty then you will check the box at the top that states " 2020 Form 8915-E, Line 9 or Line 17 is checked." You will then continue to report the full amount of the distribution you claimed in 2020 on the line for "Income for prior years from non-IRA retirement plan qualified disaster distributions" or "Income for prior years from IRA retirement plan qualified disaster distributions" appropriately.
Note: If this "2020 Form 8915-E, Line 9 or Line 17 is checked" Box is checked; then no taxable distribution will be reported on your 2021 or 2022 return. You can always review your copy of your 2020 8915-E to see if line 9 or line 17 has the box checked prior to filing to be sure you report this correctly.
There is a similar check box if you had a qualifying disaster distribution during 2021 and you elected to claim the full distribution during 2021. In this case, you would check the box "2021 Form 8915-F, Line 11 or Line 22 is checked" Note: If this "2021 Form 8915-F, Line 11 or Line 22 is checked" Box is checked then no taxable distribution will reported on your 2022 return.
What if I distributed it over three years?
If you elected to distribute the distribution over three years, you will not check the boxes at the top that state "2020 Form 8915-E, Line 9 or Line 17 is checked " or " 2021 Form 8915-F, Line 11 or Line 22 is checked." You will only check the box for "Coronavirus" if your distribution was related to the COVID-19 hardship during 2020.
Non-IRA Distributions
You should complete these lines if you received a pension or non-IRA distribution during 2020 or 2021.
Income for prior years from non-IRA retirement plan qualified disaster distributions - from 2021 Form 8915-F Line 11- Report one third of the qualifying distribution you made during 2021 or the full distribution if you elected not to distribute it over three years. If you only made a 2020 Coronavirus distribution this line will be blank.
Income for prior years from non-IRA retirement plan qualified disaster distributions - from 2020 Form 8915-E, Line 9- Report the one third amount of your 2020 qualifying distribution or your total distribution amount if you elected not to distribute over these years.
Any additional repayments made not previously claimed- Any qualifying repayment made during 2022.
Total Repayments from 2021 Form 8915F, Line 14-Any repayment previously reported on your 2021 return.
Any amount from 2021 Form 8915F, Line 14 you carried back to a prior year- Report any amount you carried back if you report a new qualified distribution during 2021. Not used for Coronavirus distributions.
Total Income from 2021, Form 8915F, Line 13- Report the amount from line 13 of your 2021 8915-F. Generally this will match the distribution that was taxable but if you took additional distributions during 2021 and 2020 please review the 8915-F on your accepted return.
IRA Distributions
You should complete these lines if you received an IRA distribution during 2020 or 2021.
Income for prior years from IRA retirement plan qualified disaster distributions - from 2021 Form 8915-F Line 22- Report one third of the qualifying distribution you made during 2021 or the full distribution if you elected not to distribute it over three years. If you only made a 2020 Coronavirus distribution this line will be blank.
Income for prior years from non-IRA retirement plan qualified disaster distributions - from 2020 Form 8915-E, Line 17- Report the one third amount of your 2020 qualifying distribution or your total distribution amount if you elected not to distribute over these years.
Any additional repayments made not previously claimed- Any qualifying repayment made during 2022.
Total Repayments from 2021 Form 8915F, Line 25-Any repayment previously reported on your 2021 return.
Any amount from 2021 Form 8915F, Line 14 you carried back to a prior year- Report any amount you carried back if you report a new qualified distribution during 2021. Not used for Coronavirus distributions.
Total Income from 2021, Form 8915F, Line 24- Report the amount from line 24 of your 2021 8915-F. Generally this will match the distribution that was taxable but if you took additional distributions during 2021 and 2020 please review the 8915-F on your accepted return.
You can review the IRS instructions for the 8915-F for this and additional information here.