How do I enter qualified disaster retirement plan distributions and repayments in Drake22?
Qualified Disaster Retirement Plan Distributions and Repayments, Forms 8915, are available in Drake Tax.
This article discusses Drake22; for information about Drake21 and prior, see Related Links below.
Form eligibility and data entry varies depending on the year of Drake Tax being used. In Drake22, the following forms are available in data entry:
- Use Form 8915-C for distributions that were taken for disasters that occurred in 2018.
- Use Form 8915-D for distributions that were taken for disasters that occurred in 2019.
- Use Form 8915-F for disaster and Coronavirus-related repayments from 2020.
- Important: There were no disaster distributions allowed in 2022.
Screens for these forms can be accessed in the Drake22 program by clicking the following screen links from the Adjustments tab of the Data Entry Menu:
2020 COVID Repayments
For disaster distributions taken for coronavirus in tax year 2020 that must be repaid in 2022:
- Do not enter the prior year distribution on screens 1099, ROTH, 8606, or 5329. Only current year distributions should be entered on these screens; not repayments.
- Complete the 915F screen:
- TS box: select T or S
- In the ST drop list, choose the relevant state.
- For calendar year in which the disaster occurred, check 2020.
- Check the box 2020 disaster distribution was made for Coronavirus in 2020.
- Complete the 915X screen with the prior year 8915-E information and repayment amounts, as applicable. This screen will also produce the 8915-F worksheets used for lines 12, 14, 23, and 25 of the form.
- In View/Print mode, review the return for accuracy, then click the Attach PDF button to automatically attach the Form 8915-F to the e-filed return and clear EF message 2091.
2020 Disaster Repayments
For disaster distributions taken for disasters (other than coronavirus) in tax year 2020 that must be repaid in 2022:
- Do not enter the distribution on screens 1099, ROTH, 8606, or 5329. Only current year distributions should be entered on these screens; not repayments.
- Complete the 915F screen:
- TS box: select T
- In the ST drop list, choose the relevant state.
- For calendar year in which the disaster occurred, check 2020.
- Complete the disaster type selection by selecting the FEMA code type (DR - disaster or EM - emergency) and enter the last four digits of the applicable FEMA code and the state identifier.
- Do not enter any amounts on Parts I, II, III, and IV.
- Complete the 915X screen with the prior year 8915-E information and repayment amounts, as applicable. This screen will also produce the 8915-F worksheets used for lines 12, 14, 23 and 25 of the form.
- In view mode, review the return for accuracy, then click the Attach PDF button to automatically attach the Form 8915-F to the e-filed return and clear EF Message 2091.
Repayments after Filing
There may be instances where the distribution is partially or fully repaid after a return that includes Form 8915-F has been filed. See the Form 8915-F Instructions for details on when filing an amended return may be needed.
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