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Taking cash out of your IRA under the CARES Act is more complicated than it sounds

beebee
in Other Investing
There are no restrictions on how you can use CVD funds. If you’re cash-strapped, you can use the money to pay bills and recontribute later (within the three-year window) when your financial situation improves. You can help out your adult kids now and recontribute later. Whatever. So, a CVD can be a useful cash-flow management tool in these troubled times.

So far, so good.
The catch: not-so-great interim tax consequences
https://www.marketwatch.com/story/taking-cash-out-of-your-ira-under-new-cares-act-rules-is-more-complicated-than-it-sounds-2020-05-04
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