Must be a coronavirus related retirement plan distribution made in 2020 and made to a qualified person, The IRS defines a qualified person as:
1. You were diagnosed with the virus SARS-CoV-2 or with coronavirus disease 2019 (referred to collectively in these instructions as coronavirus) by a test approved by the Centers for Disease Control and Prevention (including a test authorized under the Federal Food, Drug, and Cosmetic Act).
2. Your spouse or dependent (as defined in section 152) was diagnosed with coronavirus by a test approved by the CAUTION ! CAUTION ! Centers for Disease Control and Prevention (including a test authorized under the Federal Food, Drug, and Cosmetic Act).
3. You experienced adverse financial consequences as a result of you, your spouse, or a member of your household (as defined next):
• Being quarantined, being furloughed or laid off, or having work hours reduced due to coronavirus;
• Being unable to work due to lack of childcare due to coronavirus;
• Having to close or reduce the hours of a business you, your spouse, or a member of your household owned or operated due to coronavirus; or
• Having a reduction in pay (or self-employment income) due to coronavirus or having a job offer rescinded or start date for a job delayed due to coronavirus.
