So I have a 1099R I took my 401k out early. so its asking if I took out this money due to a qualified disaster and COVID is the reason so would that be considered one

posted

Connect with an expert

2 Replies

So I have a 1099R I took my 401k out early. so its asking if I took out this money due to a qualified disaster and COVID is the reason so would that be considered one

Yes, COVID was a Qualified 2020 Disaster Distribution

When did you take the distribution? The Covid pandemic is no longer considered a qualified disaster for withdrawal of 401K funds. The disaster designation expired on July 25, 2021. You would have to withdraw your funds before this date to qualify.

So I have a 1099R I took my 401k out early. so its asking if I took out this money due to a qualified disaster and COVID is the reason so would that be considered one

See requirements here:

Relief for taxpayers affected by COVID-19 who take distributions or loans from retirement plans | In...

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

So I have a 1099R I took my 401k out early. so its asking if I took out this money due to a qualified disaster and COVID is the reason so would that be considered one

So I have a 1099R I took my 401k out early. so its asking if I took out this money due to a qualified disaster and COVID is the reason so would that be considered one

So I have a 1099R I took my 401k out early. so its asking if I took out this money due to a qualified disaster and COVID is the reason so would that be considered one

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

So I have a 1099R I took my 401k out early. so its asking if I took out this money due to a qualified disaster and COVID is the reason so would that be considered one

Do you have an Intuit account?

So I have a 1099R I took my 401k out early. so its asking if I took out this money due to a qualified disaster and COVID is the reason so would that be considered one

So I have a 1099R I took my 401k out early. so its asking if I took out this money due to a qualified disaster and COVID is the reason so would that be considered one

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert