Irene2805
Expert Alumni

Retirement tax questions

No -  under the CARES act, you do not have to take your required minimum distribution (RMD) for 2020.

 

If you had a distribution(s) from your IRA, you can indicate that it was NOT an RMD

  1. A few screens after the 1099-R entry screen you will see a screen, How much of the $XX was a RMD?  Mark the radio  button, None of this withdrawal was a RMD and click Continue
  2. On the screen, Tell Us More About This Retirement Plan Distribution, mark the radio button that you were not required to take an RMD for 2020 and click  Continue.