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Coronavirus-Related Distributions: Repayments and Reporting
American Retirement Association [ARA]Link to more items from this source
Mar. 26, 2021

"[N]ot only can the participant report the distribution amount over a 3-year period, but in fact the participant is also allowed to pay back some or all of the CRD anytime in the three years following the date of distribution ... [and then] pay no taxes on the distribution. This increases the burden on administrative services and accounting reconciliation."

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