On your 2023 Form 8915-F, you elected to recognize the income from the full $75,000 in 2023, checking the check box on line 11 of that form. If you complete any of these worksheets in determining amounts to enter on lines 1a through 5, 12, 14, 23, and 25, of this years Form 8915-F, attach the page(s) with the completed worksheet(s) to this years Form 8915-F. You complete Worksheet 2. By clicking "Continue", you will leave the Community and be taken to that site instead. For more information, see 2021 Form 8606 and its instructions. The federal government will designate certain areas affected by tornados, snowstorms, droughts, earthquakes, and hurricanes as federally declared disaster areas. Qualified distributions can be repaid for this disaster through July 11, 2023, even though this is a 2022 disaster. Where do I enter my estimated tax payments? Tax Support: Answers to Tax Questions | TurboTax US Support The IRS attempts to ease the financial burden on taxpayers residing in these regions by providing disaster tax relief. Disaster 2: Louisiana Hurricane IDA (DR-4611-LA) (which began August 26, 2021). You can choose to use Worksheet 1B if your qualified disasters began in 2021 or later years. He is completing 2021 Form 8915-D, and 2021 Form 8915-F (2020 disasters). 'Waste of Time': Community College Transfers Derail Students WebGovernors Emergency Proclamations waive the non-payable one-week waiting period for regular UI benefit payments to eligible individuals affected by current disasters. Part ITotal Distributions From All Retirement Plans (Including IRAs). WebOn Aug. 5, 2021, FEMA announced every state, tribe, and territory that received a major WebSeptember 8, 2021 - IRS provides tax relief for taxpayers affected by Hurricane Ida (New York and New Jersey) September 8, 2021 - Regulations: Recapture of excess employment tax credits under the American Rescue Plan Act (COVID-19) September 1, 2021 - IRS to waive dyed fuel penalty in Louisiana; hurricane-related relief
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