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vauggarf
New Member

Took a hardship withdrawal from 401K in 02/2017 to help family affected by hurricane Matthew. In TurboTax, I see reference of Harvey, Irma, & Maria but not Matthew.

At the end of the 1099-R form in TurboTac is see the following question "Was this distribution due to Hurricane Harvey, Irma, or Maria or the California Wildfires?"  When will Matthew be included?


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dmertz
Level 15

Took a hardship withdrawal from 401K in 02/2017 to help family affected by hurricane Matthew. In TurboTax, I see reference of Harvey, Irma, & Maria but not Matthew.

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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1 Reply
dmertz
Level 15

Took a hardship withdrawal from 401K in 02/2017 to help family affected by hurricane Matthew. In TurboTax, I see reference of Harvey, Irma, & Maria but not Matthew.

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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