Which of the following statements regarding the disaster loss treatment of retirement distributions is FALSE?

A: Form 8915-E is used to report the distribution, any repayments, and figure the taxable amount, if any, of qualified disaster distributions.

B: An individual doesn't have to live in a qualified disaster area during the disaster or have sustained economic loss to take a qualified disaster distribution from a retirement plan.

C: Qualified disaster distributions have a limit of $100,000 in the aggregate per qualified disaster.

D: The 10% tax (penalty) on early distributions of retirement funds does not apply to any qualified disaster distribution.