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Under the Disaster Tax Relief Act, which of the following is TRUE about qualified disaster retirement plan distributions? There is no limit on the amount
Under the Disaster Tax Relief Act, which of the following is TRUE about qualified disaster retirement plan distributions?
There is no limit on the amount of distribution that can be claimed under qualified disaster rules.
The 10% early distribution penalty applies as normal.
Distributions may not be recontributed.
Tax on qualified disaster distribution is spread over three years.
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