ColeenD3
Expert Alumni

Retirement tax questions

Form 8915 -E is not yet finalized by the IRS. Please see this LINK.

.

Yes, you may repay all or part of the corona virus-related distribution to an eligible retirement plan over a 3 year (2020, 2021, & 2022) period after the date of the distribution.  You must qualify for IRS special tax rules under Cares Act:

  • You are diagnosed with the SARS-Cov2.
  • You are a spouse or a dependent of a person diagnosed with the virus.
  • You experienced financial hardship related to the virus.
  • Test must be done with an approved Center for Disease Control and Prevention. 

[Edited 2/3/21| 7:00PM]