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P
peggygallo
Level 2
March 4, 2022
Question

Taxpayer took an early distribution from a 401k to repair his hurricane damaged home in Mexico. He works

  • March 4, 2022
  • 2 replies
  • 12 views
Taxpayer took an early distribution from a 401k to repair his hurricane damaged home in Mexico.  He currently works
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2 replies

J
jeffmcpa2010
Level 10
March 4, 2022

Is there more to your question?

P
peggygalloAuthor
Level 2
March 4, 2022

Somehow the last part of my question went missing!  So here is the queston

Taxpayer took early distrib. from 401k to repair his hurricane damaged home in Mexico.  He currently works & lives in the US.  Can he take the disaster exemption for this distribution?

J
jeffmcpa2010
Level 10
March 4, 2022

I believe that it has to be in a US Federally Declared Disaster Area, and I am thinking that the US did not declare a federal disaster area in another country? (My comment is without research, just conjecture)

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