$100,000 out of IRA for COVID

Answered by:

Question:

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

Answer:

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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