Qualified Disaster Retirement Plan Distributions and Repayments Forms 8915-A, 8915-B, 8915-C, 8915-D, 8915-E, and 8915-F are available in Drake Tax. Per the instructions, "Use Form 8915 if you were adversely affected by a qualified 20YY disaster and you received a distribution... that qualifies for favorable tax treatment."

Form eligibility and data entry varies depending on the year of Drake Tax being used:

• Use Form 8915-A for distributions that were taken for disasters that occurred in 2016.

• Use Form 8915-B for distributions that were taken for disasters that occurred in 2017.

• 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-E for distributions that were taken for disasters that occurred in 2020 (including Coronavirus-related distributions). Form 8915-F replaced Form 88915-E in 2021.

Screens for these forms can be accessed in the program by clicking the available link on screen 1099, or by clicking the following screen links from the Adjustments tab of the Data Entry Menu:

• 915C

• 915D

• 915F

In Drake Tax:

1. Enter the distribution on screen 1099.

   • Select the Exclude here; distribution is reported on 8915 check box.

   • If the distribution qualifies for an exception to the 10% penalty:

     • Check the box Carry this entry to Form 5329 and compute 10% penalty or exception.

     • On the 5329 screen, choose an exception code from the Exception Number drop list.

     • Enter the applicable amount in the box Early distributions not subject to additional tax.

2. Use the appropriate screen(s) (8606, ROTH, 915C, 915D, or 915F) to accurately report the distribution and/or repayment.

3. 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. This is required per IRS guidelines.

8606 and/or ROTH

If the distribution comes from an IRA that must be reported on Form 8606, complete screen 8606 first. Use box 15b on screen 8606 to indicate what amount is included on Form 8915, Part III. Then complete Part I, line 1, 2, or 3 (both columns) of the 915F screen. Also complete any other applicable parts of these screen(s).

Roth disaster distributions that should flow to Form 8915, Part III, should be entered the ROTH screen before completing the 915F screen. Minimum entries include lines 19, 25b and Roth basis in cash contributions. Then complete screen 915F, Part I, line 3 (both columns). Also complete any other applicable parts of these screen(s).

For a demonstration, watch the video Disaster Relief for 2020.

Repayments after Filing

There may be instances where the distribution is partially or fully repaid after a return that includes Form 8915-E has been filed. See the Form 8915-F Instructions for details on when filing an amended return may be needed.