Question 39 of 75. Manuel's home was destroyed in Hurricane Irma and he qualified for a disaster distribution. He withdrew $85,000 from his IRA on October 30, 2017, which he included in his gross income on his 2017 tax return. In 2019, Manuel was able to deposit $60,000 in his IRA. What is the tax treatment of the $60,000 deposit? The deposit reduces his 2017 distribution. He will file a revised Form 8915B and an amended return for 2017 The deposit will be treated as a fully deductible IRA contribution on his 2019 tax return The deposit will be used to create a credit on his 2019 return of the difference between his 2017 tax liability with the $85,000 distribution and what it would have been with only $25,000 taxable. The deposit is a repayment and does not change his tax returns. Mark for follow up