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Retirement tax questions
Yes, you need to enter the 1099-R form on your federal return. You will still owe income tax, but you won't be penalized for an early withdraw if the distribution (up to $22K) was for a federally declared disaster. After you enter the form, there will be follow-up questions, where you will indicate this was for a federally declared disaster.
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March 17, 2025
4:48 PM