Did you take a disaster distribution...

Forum|Forum|3 years ago
April 10, 2022
2 replies
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Trying to file on my own for the first time. Turbotax asks "Did you take a disaster distribution..." This distribution doesn't mean the money that was sent from the IRS as part of the "Economic Impact Payment?

Turbotax seems to ask whether you took money out from your retirement because of covid and other disaster.

Best answer by DawnC

The disaster distributions being asked about there in TurboTax would have been reported to you on Form 1099-R. If you did not receive that form, you can answer NO. Assuming this is the first year you are filing a tax return, you would not have received this income in the past.

taxlady28

Under the CARES act you could take money from your retirement and not have a penalty for early withdrawal. The tax could be paid over a 3 year period. You would know if you took advantage of that.

CaNjAuthor

DanP0428:

Thank you for your clarification!

Gratefully,

CaNj

DawnCAnswer

Employee

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Brian_Kennedy

I did not have a disaster distribution, the review at the end is still saying error having me complete disaster distribution form(?) will not let me delete form or correct error(?)

Let me know what I need to do to fix the error.