@JRM-007 wrote:
I'm confused by all the answers and needing Form 8915-E. I'm trying to answer the TT questions that don't give specific guidance for responding under the Cares Act and for the original question that was here and on TT as follows:
If you didn't take the full RMD, we'll help you request a waiver of the Tax. This is referring to the 50% tax penalty.
Select one of the Following:
XXX received all of the RMD for 2020
XXX Did not received all of the RMD for 2020
XXX was not required to take an RMD in 2020
If you check the first, you are done but if you check the second, it asks how much did you get, how much were you supposed to take and from there it requests a waiver.
Was the waiver required under the Cares act?
TT Doesn't relate this to the Cares Act.
As far as I read, the form 8915 is for disaster withdrawals and paybacks.
The last choice - RMD not required, because there was NO 2020 RMD.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
