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April 13, 2022
Question

Do I say yes to taking disaster distribution for my CARES Act Higher Education Emergency Relief Fund tuition grant?

  • April 13, 2022
  • 1 reply
  • 0 views
This grant was received by all enrolled students. It only applied to tuition payments.

1 reply

April 13, 2022

No, the disaster distribution TurboTax is asking about is for specifically about distributions from your IRA, 401k or other retirement accounts. Special tax treatment applies to Coronavirus-related distributions.