LenaH
Employee Tax Expert

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Yes. The exclusion only applies if you had to take money from your retirement plan if you are a qualified individual impacted by coronavirus.

 

You are a qualified individual if:

  • You, your spouse, or dependent are diagnosed with COVID-19
  • You experience adverse financial consequences as a result of being quarantined, furloughed, or laid off
  • You had hours reduced due to coronavirus
  • You are unable to work due to your child care closing or reducing hours.

Since you took the distribution prior to Covid-19, then you would not qualify. 

 

@rjw0831

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