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RMD withdrawal
The Federal Government announced that we didn't have to take our RMD in 2020 because of COVID. I had already taken out part of my RMD and didn't take the rest (full amount). As I do Turbo Tax it has me fill in the full RMD amount announced for 2020 and then show what I had paid. It sounds like I will be penalized 50% of what I didn't take. Please advise why Turbo tax doesn't say it is ok because of the COVID announcement.
March 31, 2021
1:08 PM