Qualified 2018 Disaster Retirement Plan Distributions and Repayments, Form 8915-C (2023)

Form 8915-C is used to report qualified disaster retirement plan distributions (withdrawals) made in 2018 due to a federally declared disaster and any subsequent repayments made in 2023. It helps claim tax advantages for these withdrawals.

Who qualifies?

You can use Form 8915-C if:

  • You lived or worked in an area designated as a disaster area by the President in 2018.
  • You suffered uninsured losses due to the disaster.
  • You received a qualified disaster distribution from your retirement plan.

Key points to remember:

  • Qualified disasters: Include wildfires, floods, hurricanes, and other events listed by the IRS.
  • Distribution limit: The maximum exclusion is based on your adjusted gross income (AGI).
  • Repayment window: You have 3 years (including extensions) to repay the distribution.
  • Tax benefits: Distributions are generally tax-free if you meet eligibility requirements and repay them within 3 years.
  • Eligibility: You must have lived or worked in the disaster area and suffered losses attributable to the disaster.
  • Repayment: Repayments are treated as contributions to your retirement plan, potentially reducing your taxable income.
  • Filing deadline: Attach Form 8915-C to your 2023 tax return and file by the due date (including extensions).

For the current year's Form 8915-C, click here.