2020 10% penalty on IRA distributions - Spidell

2020 10% penalty on IRA distributions

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Message Board 2020 10% penalty on IRA distributions

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    • #267288
      Debbie Klosky
      Participant

      To avoid the 10% penalty on IRA distributions, does the taxpayer have to have tested positive for COVID or be experiencing a hardship do to Covid?

      Thank you!

    • #267316
      Lynn Freer
      Participant

      they don’t have to test positive, just be experiencing hardshp

    • #267665
      Anonymous

      There was supposed to be some guidance on the hardship distributions forthcoming.  Has it been released by the IRS yet?  If not, is there a timetable?

      Thanks so much.

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