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Retirement tax questions
While you can make the repayment to a Rollover IRA, the repayment of a CRD is not treated as a rollover contribution. Instead of being reported in box 2 of Form 5498 as a rollover contribution, the IRA custodian must instead report in box 14a the amount repaid and in box 14b the code DD. (A CRD is a type of disaster distribution.)
‎December 2, 2022
3:30 PM