Marshall suffered economic laws due to a qualified disaster he took a distribution from his 401k and received the funds on January 5th 2020 which statement is true?

O A taxpayer may choose to deduci The replacement period for a taxpayer's main home destroyed or damaged in a federal disaster area ends four years after the close of the first tax year in which any O Non-qualified federal disaster losses to personal use property are not deductible. O Losses attributable to qualified disasters are reduced by $500 per event. Mark for follow up Question 12 of 20. Marshall suffered economic loss due to a qualified disaster. He took a distribution from his 401(k) and received the funds on January 5, 2020. Which statement is O Marshall may not deposit any portion of the funds to his IRA, because hardship distributions are not eligible for rollover O Marshall will pay a 10% early distribution penalty on any portion of the funds that are subject to tax O The distribution will be taxed over a three-year period, unless Marshall chooses to include the full amount on his 2020 return. O Marshall may recontribute any portion of the distribution into the original 401(k) before January 5, 2024 Mark for follow up dhe BI Type here to search O A taxpayer may choose to deduci The replacement period for a taxpayer's main home destroyed or damaged in a federal disaster area ends four years after the close of the first tax year in which any O Non-qualified federal disaster losses to personal use property are not deductible. O Losses attributable to qualified disasters are reduced by $500 per event. Mark for follow up Question 12 of 20. Marshall suffered economic loss due to a qualified disaster. He took a distribution from his 401(k) and received the funds on January 5, 2020. Which statement is O Marshall may not deposit any portion of the funds to his IRA, because hardship distributions are not eligible for rollover O Marshall will pay a 10% early distribution penalty on any portion of the funds that are subject to tax O The distribution will be taxed over a three-year period, unless Marshall chooses to include the full amount on his 2020 return. O Marshall may recontribute any portion of the distribution into the original 401(k) before January 5, 2024 Mark for follow up dhe BI Type here to search