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$100,000 out of IRA for COVID

Answered by: 

If my customer takes out a coronavirus distribution up to $100,000, do I have to prove he or she had the virus?

No, but the best practice would be for you to have her or him certify that he or she is eligible. The customer has to have the virus, a family member has the virus, or he or she must be affected by the virus. This could be unemployment, daycare issues, reduced hours of work and more.


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IRA Year End Wrap-Up

First published on 11/22/2020

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