Level 15

Retirement tax questions

TurboTax now supports the reporting of 2016 Qualified Disaster Distributions.  For your distribution to be a 2016 Qualified Disaster Distribution, you yourself must be the one who lived in a disaster area declared by the President and suffered an economic loss as a result.  Using the money to help another does not make you the one who sustained the economic loss as a result of the hurricane and your distribution would not be a Qualified Disaster Distribution.

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