Which of the following statements does NOT reflect the special tax treatment for qualified disaster distributions for affected taxpayers?

For Tax Year $2023,$ taxpayers affected by a disaster can make a tax$-$free withdrawal of up to $$22,000$ from a qualified retirement plan.

The taxpayer has the option of spreading out the distribution amount in their income over a period of three years.

Amounts repaid or redeposited into an eligible retirement plan in a timely manner are not considered taxable income.

Qualified disaster distributions are exempt from the additional tax on early distributions.