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Hello, Does the coronavirus count as a natural disaster?

 
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3 Replies
JamesG1
Expert Alumni

Hello, Does the coronavirus count as a natural disaster?

The COVID-19 pandemic is a “federally declared disaster,” as defined by section 165(i)(5)(A) of the Code.  

 

On March 13, 2020, the President of the United States issued a Proclamation declaring a national emergency concerning the Novel Coronavirus Disease (COVID-19) outbreak, stating that the ongoing COVID-19 pandemic warrants an emergency determination under section 501(b) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C. 5121 – 5207.

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Dkarena
Returning Member

Hello, Does the coronavirus count as a natural disaster?

so should i have answered yes when asked about a natural disaster? should i amend my return because i didn't?  

Hello, Does the coronavirus count as a natural disaster?

Depends if you took a COVID related distribution from a retirement account or not and want the special tax treatment that the CARES act gives.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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