@Bsch4477 wrote:
The article cited below suggests that the penalty free distribution applies to withdrawals before June 25, 2021 but I can’t confirm that on any IRS site. Just having a positive Covid test qualifies you.
https://holtzmanpartners.com/2021/08/04/thinking-about-a-cares-act-401k-withdrawal-heres-what-you-ne...
I haven looked at that legislation - you could be right but that would be a 2021 distribution reported on a new form that does not presently exist yet. That would not be the CARES act.
The IRS says:
Q4. What is a coronavirus-related distribution?
A4. A coronavirus-related distribution is a distribution that is made from an eligible retirement plan to a qualified individual from January 1, 2020, to December 30, 2020, up to an aggregate limit of $100,000 from all plans and IRAs.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
