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It would not be a deduction but a tax relief offered to you. Please continue to read:
Congress enacted special tax relief to make it easier for retirement plan participants (including IRA owners) to access their retirement funds to recover from disaster losses incurred while living in certain federally declared disaster areas in 2016 and 2017. This disaster relief may allow affected participants to:
To enter your 1099-R information, follow these steps below. You will be prompted to the screens to ask you about the qualified disaster distribution related questions.
I am also attaching IRS and TurboTaxHelp links for your reference:
[Edited 3/31/2020 | 2:48 PM]
It would not be a deduction but a tax relief offered to you. Please continue to read:
Congress enacted special tax relief to make it easier for retirement plan participants (including IRA owners) to access their retirement funds to recover from disaster losses incurred while living in certain federally declared disaster areas in 2016 and 2017. This disaster relief may allow affected participants to:
To enter your 1099-R information, follow these steps below. You will be prompted to the screens to ask you about the qualified disaster distribution related questions.
I am also attaching IRS and TurboTaxHelp links for your reference:
[Edited 3/31/2020 | 2:48 PM]
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