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If the taxpayer makes no special elections, a qualified disaster distribution taken in 2021 is...

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Accounting

If the taxpayer makes no special elections, a qualified disaster distribution taken in 2021 is taxable:

In 2021 only.

Ratably in 2021, 2022, and 2023.

One-half in 2021, then the remainder ratably in 2022 and 2023.

An amount that the taxpayer chooses in 2021, then the remainder ratably in 2022 and 2023.

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