Retirement Question 38 of 75. Manuers 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 in hich 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 retum. 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