Userid: CPM Schema: instrx Leadpct: 100% Pt. size: 8.5 Draft Ok to Print AH XSL/XML Fileid: … ons/I8915E/2020/A/XML/Cycle04/source (Init. & Date) _______ Page 1 of 14 13:17 - 11-Feb-2021 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing. Department of the Treasury 2020 Internal Revenue Service Instructions for Form 8915-E Qualified 2020 Disaster Retirement Plan Distributions and Repayments (Use for Coronavirus-Related and Other Qualified 2020 Disaster Distributions) Section references are to the Internal Revenue Code described in Qualified 2020 Disaster main home in qualified 2020 disaster areas unless otherwise noted. Distribution Requirements, later. that you repaid, in whole or in part, no earlier than the first day of the disaster and no later Part I. Use Part I to figure your: than June 25, 2021. General Instructions • Total distributions from all retirement plans (including IRAs), Future Developments • Qualified 2020 disaster distributions, and When and Where To File Distributions other than qualified 2020 File 2020 Form 8915-E with your 2020 Form For the latest information about • disaster distributions. 1040, 1040-SR, or 1040-NR. If you are not developments related to Form 8915-E and required to file an income tax return but are its instructions, such as legislation enacted If you need to complete Part I of required to file Form 8915-E, fill in the after they were published, go to IRS.gov/ 2020 Form 8915-C or Form 8915-D, address information on page 1 of Form Form8915E. complete those forms first. 8915-E, sign the Form 8915-E, and send it to the Internal Revenue Service at the same Parts II and III. Use Parts II and III to: Coronavirus time and place you would otherwise file Form Report your qualified 2020 disaster The virus SARS-CoV-2 or coronavirus • 1040, 1040-SR, or 1040-NR. distributions; disease 2019 (referred to collectively in Report any repayments of qualified 2020 these instructions as coronavirus) is one of • The timing of your distributions and disaster distributions; and the qualified 2020 disasters reportable on repayments will determine whether you need Figure the taxable amount, if any, of your Form 8915-E. If you were impacted by the • to file an amended return to claim them. If qualified 2020 disaster distributions. coronavirus and you made withdrawals from you need to amend your 2020 Form 8915-E, your retirement plan in 2020 before Note. Distributions from retirement plans see Amending Form 8915-E, later. December 31, you may have (other than IRAs) are reported in Part II and coronavirus-related distributions eligible for distributions from IRAs are reported in Part What Is a Qualified special tax benefits on Form 8915-E. See III. Disaster Distribution? Coronavirus-related distributions under Qualified 2020 Disaster Distribution Part IV. Leave Part IV blank if your only For 2020, qualified disaster distributions are Requirements, later. A distribution made qualified 2020 disaster is the coronavirus. the qualified 2020 disaster distributions December 31, 2020, is not a Qualified distributions and Part IV are for described in 2020 Form 8915-E and these coronavirus-related distribution. qualified 2020 disasters other than the instructions, the qualified 2019 disaster coronavirus. distributions described in 2020 Form 8915-D Qualified 2020 disasters Use Part IV of Form 8915-E to: and its instructions, and the qualified 2018 • Report that you received qualified disaster distributions described in 2020 Form other than coronavirus distributions for the purchase or construction 8915-C and its instructions. Taxpayers adversely affected by qualified of a main home in qualified 2020 disaster 2020 disasters, other than the coronavirus, areas that you repaid, in whole or in part, no Qualified 2020 Disaster may be eligible for special tax benefits. See earlier than the first day of the disaster and Distribution Qualified 2020 disaster distributions other no later than June 25, 2021; than coronavirus-related distributions under • Report any repayments of qualified Coronavirus and Other Qualified 2020 Disaster Distribution distributions (not reported on 2020 Form Qualified 2020 Disasters Requirements, later. Also see Qualified 8606, Nondeductible IRAs); and Distribution for the Purchase or Construction • Figure the taxable amount, if any, of your Qualified 2020 disasters fall into two of a Main Home in Qualified 2020 Disaster qualified distributions (not reported on 2020 categories: coronavirus and qualified 2020 Areas, later. The complete list of qualified Form 8606). disasters other than coronavirus. These disasters are the only disasters for which a 2020 disasters is in Table 1 at the end of See Qualified Distribution for the qualified 2020 disaster distribution can be these instructions. Qualified 2020 disaster Purchase or Construction of a Main Home in reported on Form 8915-E. See Qualified distributions other than coronavirus-related Qualified 2020 Disaster Areas, and Part 2020 Disaster Distribution Requirements, distributions can be made through June 24, IV—Qualified Distributions for the Purchase later. 2021. or Construction of a Main Home in Qualified At the time these instructions went to 2020 Disaster Areas near the end of these How Is a Qualified 2020 ! print, only the 2020 disasters listed instructions. Disaster Distribution Taxed? CAUTION in Table 1 were qualified 2020 disasters. To see if other qualified 2020 Who Must File Generally, a qualified 2020 disaster disasters were added to those in Table 1 distribution is included in your income in File 2020 Form 8915-E if any of the following equal amounts over 3 years. However, if you after these instructions went to print, see applies. IRS.gov/Form8915E. elect, you can include the entire distribution • You received a coronavirus-related in your income in the year of the distribution. distribution. If more than one distribution was made Purpose of Form • You received a qualified 2020 disaster during the year, you must treat all distribution other than a coronavirus-related distributions for that year the same way. Any Use Form 8915-E if you were impacted by a distribution. qualified 2020 disaster (including the repayments made before you file your return • You received a qualified distribution in and by the due date (including extensions) coronavirus) and you received a distribution 2020 for the purchase or construction of a Feb 11, 2021 Cat. No. 73789Y Page 2 of 14 Fileid: … ons/I8915E/2020/A/XML/Cycle04/source 13:17 - 11-Feb-2021 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing. reduce the amount of the distribution Centers for Disease Control and Prevention be designated as a qualified 2020 disaster included in your income. (including a test authorized under the distribution. See Distribution of plan loan Federal Food, Drug, and Cosmetic Act). offsets, later. Also, qualified 2020 disaster distributions 3. You experienced adverse financial Distributions that are not qualified 2020 aren’t subject to the additional 10% tax on consequences as a result of you, your early distributions. disaster distributions. The following spouse, or a member of your household (as distributions are not qualified 2020 disaster If a taxpayer who received a defined next): distributions even if the disaster is listed in qualified 2020 disaster distribution • Being quarantined, being furloughed or Table 1. dies in 2020, the distribution may not laid off, or having work hours reduced due to • Corrective distributions of elective be spread over 3 years. The entire coronavirus; deferrals and employee contributions that distribution must be reported on the return of • Being unable to work due to lack of are returned to the employee (together with the deceased taxpayer. childcare due to coronavirus; the income allocable thereto) in order to • Having to close or reduce the hours of a comply with the section 415 limitations. Qualified 2020 Disaster business you, your spouse, or a member of • Excess elective deferrals under section Distribution Requirements your household owned or operated due to 402(g), excess contributions under section coronavirus; or 401(k), and excess aggregate contributions A distribution is not a qualified 2020 • Having a reduction in pay (or under section 401(m). disaster distribution if it is listed in self-employment income) due to coronavirus • Loans that are treated as deemed Distributions that are not qualified or having a job offer rescinded or start date distributions pursuant to section 72(p). 2020 disaster distributions, later. Also see for a job delayed due to coronavirus. • Dividends paid on applicable employer Limit, later, for the dollar limit on qualified Member of your household. For securities under section 404(k). 2020 disaster distributions. purposes of determining whether you are a • The costs of current life insurance qualified individual, anyone who shares your protection. • Prohibited allocations that are treated as Types of Qualified 2020 Disaster principal residence is a member of your household. deemed distributions pursuant to section Distributions 409(p). Qualified 2020 disaster distributions oth- • Distributions that are permissible Qualified 2020 disaster distributions fall into er than coronavirus-related distributions. withdrawals from an eligible automatic two categories: coronavirus-related A distribution may be a qualified 2020 contribution arrangement within the meaning distributions