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Get your taxes done using TurboTax
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.
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May 16, 2021
7:53 AM