My understanding was that you could borrow from your IRA without paying the tax penalty that is normally in place. I did precisely that! Any addtional intel will be appreciated!
all i can tell you is that the deferred taxes on amounts declared in 8015-E as qualified covid disaster distributions do NOT have to be paid back, whereas a loan does have to be paid back ... interestingly, the deferred covid disaster distributions CAN be optionally paid back if desired ...