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January 17, 2025
Question

Have you ever taken a disaster distribution before 2024?this question keeps coming up. why?

  • January 17, 2025
  • 1 reply
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    January 18, 2025

    This question comes up because if you took a qualified disaster distribution from a retirement account in a previous year, you may have been eligible to report the income over multiple years instead of all in one year. If that happened, you might need to include a portion of your prior distribution on your 2024 tax return.

     

    If you did not take any disaster distributions from your retirement account, you can answer this question No and continue.

     

    For more information about reporting disaster distributions, please see What is Form 8915-F Qualified Disaster Retirement Plan Distributions and Repayments?