qualified disaster recovery distribution

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 72 — under this chapter

Except as provided in subparagraph (B), the term "qualified disaster recovery distribution" means any distribution made—

(i) on or after the first day of the incident period of a qualified disaster and before the date that is 180 days after the applicable date with respect to such disaster, and

(ii) to an individual whose principal place of abode at any time during the incident period of such qualified disaster is located in the qualified disaster area with respect to such qualified disaster and who has sustained an economic loss by reason of such qualified disaster.