DianeW777
Expert Alumni

Retirement tax questions

It depends. When the CARES Act passed, it suspended RMDs from many types of retirement accounts including IRAs, inherited IRAs, 401(k)s and inherited 401(k)s in 2020. Defined benefit plans are not exempt from RMDs for 2020, as noted.

 

If your plan qualifies, you could put it into your other IRS handled by a bank if it is rolled over within 60 days of distribution. If not, then you should contact your plan administrator about how to go about putting it back into your account.

 

IRS Retirement Topic RMDs and COVID

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"