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IRS Form 8915-F for tax year 2022 has been available in TurboTax since March 9, 2023.
If you received a Form 1099-R from Ascensus, that means you received a distribution of $10 or more from your retirement plan or you had an outstanding loan balance from your plan that became a taxable distribution. What is Form 1099-R and why did I get one? - Ascensus ascensus.com resources tips-and-resources ascensus.com resources tips-and-resources
Form 8915 is used to report a disaster-related retirement distribution, and any repayments of those funds. For tax years 2021 and 2022, Form 8915-F replaces Form 8915-E, which was the form used to report 2020 COVID-related qualified disaster distributions.
Taxable amount not determined - The payer was unable to determine the taxable amount, so its up to the taxpayer to determine it. Total distribution - The entire balance of the account has been distributed. Form 1099-R - Distributions From Pensions, Annuities, Retirement or taxslayerpro.com en-us articles 3600 taxslayerpro.com en-us articles 3600
A distribution from a retirement plan is equivalent to a withdrawal of funds. Any time you take money out of your retirement plan, it is a distribution. Taking money out may also be referred to as a withdrawal. The two terms can be considered synonymous. What Is a Distribution from a Retirement Plan? - Nasdaq nasdaq.com articles what-is-a-distributio nasdaq.com articles what-is-a-distributio
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Use code 7: (a) for a normal distribution from a plan, including a traditional IRA, section 401(k), or section 403(b) plan, if the employee/taxpayer is at least age 59 and 1/2, (b) for a Roth IRA conversion if the participant is at least age 59 and 1/2, and (c) to report a distribution from a life insurance, annuity, Understanding Form 1099-R distribution codes in Lacerte intuit.com insurance-medical-benefits intuit.com insurance-medical-benefits
The applicable cost of the distribution is generally your net investment in the plan. It does not include pre-tax contributions.

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