1Dee1035
Level 1
10-14-2023
05:01 PM
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I TOOK $100,000 FROM MY IRA IN 2023 TO OFF-SET HURRICANE DAMAGE IN FLORIDA ON 9/28/22.
I BELIEVE IF THE IRA DISTRIBUTION IS TAX FREE, I MUST LESSEN THE LOSS REPORTED IN 2022 RETURN ON FORM 4684
THEREFORE REDUCING MY ACTUAL LOSS. I DON'T KNOW WHERE TO REPORT THE $100,000 EMERGENCY RELIEF TO REDUCE MY LOSS.
I BELIEVE IF THE IRA DISTRIBUTION IS TAX FREE, I MUST LESSEN THE LOSS REPORTED IN 2022 RETURN ON FORM 4684
THEREFORE REDUCING MY ACTUAL LOSS. I DON'T KNOW WHERE TO REPORT THE $100,000 EMERGENCY RELIEF TO REDUCE MY LOSS.
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