Of those, 3,256 had requested the maximum $100,000 distribution. The IRS FAQ says that they’ve received and are reviewing comments requesting that the list of eligibility factors be expanded. But the IRS FAQ notes that any payments after the suspension period will be adjusted to reflect the delay and any interest accrued during the delay. According to the IRS FAQs, you can still take a distribution and treat it as a COVID-19 distribution when you file your income tax returns (Question 9). The IRS FAQ says that more formal guidance will be forthcoming.

Source: Forbes May 06, 2020 20:43 UTC