For distributions required to be made after December 31, 2019, the age for beginning mandatory distributions is changed to age 72 for IRA owners reaching age 70½ after December 31, 2019. For information about reporting qualified disaster distributions, and repayments reporting repayments of qualified distributions for home purchases and constructions that were canceled because of certain qualified disasters and the repayment of qualified coronavirus-related distributions, see Disaster-Related Relief. Special rules provide for tax-favored withdrawals and repayments to certain retirement plans (including IRAs) for taxpayers who suffered economic losses as a result of certain major disasters. Tax relief for qualified disaster distributions and repayments. See Mandatory 60-day extension for more information. Certain taxpayers affected by a federally declared disaster that occurs after December 20, 2019, may be eligible for a mandatory 60-day extension for certain tax deadlines such as filing or paying income, excise, and employment taxes and making contributions to a traditional IRA or Roth IRA. See Qualified charitable distributions (QCDs) for more information. Beginning in tax years after December 31, 2019, your maximum annual exclusion for QCDs may require an additional adjustment. Qualified charitable distributions (QCDs) may be reduced.
For more information, see the Instructions for Form 8915-F. Beginning in 2021, additional alphabetical Forms 8915 will not be issued. For example, Form 8915-D, Qualified 2019 Disaster Retirement Plan Distributions and Repayments, would be used to report qualified 2019 disaster distributions and repayments.Form 8915-F is a forever form. In previous years, distributions and repayments would be reported on the applicable Form 8915 for that year's disasters.
Form 8915-F replaces Form 8915-E for reporting qualified 2020 disaster distributions and repayments of those distributions made in 20, as applicable. For more information, see Revised life expectancy tables for 2022.įorm 8915-F replaces Form 8915-E. The life expectancy tables in Appendix B have been updated to reflect the new life expectancy and distribution period tables in the updated regulations in section 1.401(a)(9)-9 applicable to distribution calendar years beginning on or after January 1, 2022.
0 kommentar(er)
