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Retirement tax questions
Yes, you are correct regarding Form 8915-E, Qualified 2020 Disaster Retirement Plan Distributions and Repayments (Use for Coronavir... which pertains specifically to withdrawing a disaster distribution from an eligible retirement plan in 2020 before December 31. The declaration allows the distribution to be included in equal amounts over 3 years, instead of one.
However, there were other disasters declared, as well. While these other disasters do not qualify as a disaster distribution, there would be other tax relief, such as extra time to file. To see if your area was included, click the link for Tax Relief in Disaster Situations and scroll to 2020.
‎February 3, 2021
6:05 AM