Form 8915-F COVID-19 Retirement Plan Distributions and Repayments

Form 8915-F COVID-19 Retirement Plan Distributions and Repayments

Unlike Forms 8915-A through E that dealt with specific years, the IRS calls Form 8915-F a "forever" form to the extent that it will be used for disaster years 2020-2024. The expectation is that it may be appended in future years foregoing the need to establish a "new" Form 8915 each year. Since 8915-F is a multi-year form, the preparer needs to indicate the year for which the form is applicable

Form 8915-F is used to report the following:

  • Qualified 2020 non-COVID disaster distributions made in 2021 or 2022, including the Washington state disaster designated 8593-DR-WA on January 1, 2021.
  • Repayments of current and prior year qualified disaster distributions.
  • The current year's income for both current and prior year disaster distributions spread over three years.

Completing Form 8915-F for a COVID-related distribution

Have a copy of the 2020 Form 8915-E available for reference. To include the current year's portion of a 2020 COVID distribution as well as any repayments, from the Federal Section of the tax return (Form 1040) select:

  • Income
  • Form 8915-F - For a MFJ return, indicate if the form is for the taxpayer or spouse.
  • 2020 Form 8915-E, Line 9 or Line 17 is checked - Check this box if true.
  • Coronavirus Related - Check this box.
  • For both IRA and non-IRA disaster distributions you'll need to enter three amounts as appropriate:
    • The amount of the disaster distribution
    • The amount repaid in 2020, if any.
    • The amount repaid in 2021, if any.

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