Terry53029
Level 14
Level 14

Hi  @Just-Lisa-Now- In ProSeries on the 1099 worksheet, scroll down, and there is a smart worksheet for a disaster distribution

Here is link, https://www.irs.gov/retirement-plans/disaster-relief-bill-includes-retirement-plan-distribution-and-...

Participants taking a qualified disaster distribution can include it in income in equal amounts over three years, beginning with the year that includes the distribution date. Participants may also repay qualified disaster distributions within three years of receiving a distribution by making one or more contributions to an eligible retirement plan. Any repayment is treated as a trustee-to-trustee transfer.

A qualified disaster distribution is an amount up to $100,000 taken by a participant whose main home was in the federally declared disaster area and the distribution was made for:

  • Harvey, after August 22, 2017, and before January 1, 2019;
  • Irma, after September 3, 2017, and before January 1, 2019;
  • Maria, after September 15, 2017, and before January 1, 2019;
  • The 2016 disasters, in either 2016 or 2017; and
  • California wildfires, after October 7, 2017, and before January 1, 2019.