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CARES Act and RMD
My RMD for 2020 was scheduled to be distributed monthly. Under the 2020 CARES Act retiree taxpayers were allowed to suspend RMDs for 2020. I did that and received only part of my total RMD for 2020. However, TuboTax is now wanting the calculate a penalty for the RMD portion I didn't receive. Given the CARES Act, that seems to be incorrect! Is there an explanation for the issue I describe?
‎February 23, 2021
9:12 AM