Husband quit job & withdrew 401K sometime in 05/22.Our child was born in 06/22. We received the 401K payment in 07/22.Do we qualify for the "Qualified Birth distribution?

[JohnW152]

No, you don't.

 

According to IRS Notice 2020-68:

 

A qualified birth or adoption distribution is defined as any distribution from an applicable eligible retirement plan to an individual if made during the 1-year period beginning on the date on which the child of the individual is born or the legal adoption by the individual of an eligible adoptee is finalized.

 

See also IRC Section 72(t)(2)(H)(iii)(I).

[Edited 3/23/2023 | 2:03 pm CDT: correcting quote which didn't originally carry over in its entirety]

@EM615