qbteachmt
Level 15
01-29-2022
10:57 AM
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"The Asker asked about distributions that are taxed over 3 years."
That part isn't new. For example, tax year 2019 or 2020 and Disasters of 2019 (pre-covid):
"Who Must File
File 2020 Form 8915-D if any of the following applies.
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You received a qualified 2019 disaster distribution from an eligible retirement plan.
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You received a qualified 2019 disaster distribution in 2019 that you are including in income in equal amounts over 3 years."
The limit up to $100,000 wasn't new, either. Neither was the waiver of the penalty as early withdrawal. And CARES vs CAA is this discussion. I gave a link to a nice article that explains the CAA impact on this.
(edited to cover limits, penalty and taxable spread)
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