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Retirement tax questions
It depends on your circumstances if this Form 1099-R will count as a Required Minimum Distribution. If it was taken out from a employer sponsored retirement plan, IRA or pension, you would typically have answered yes, but answer no that it was a RMD withdrawal because of the Cares Act.
RMD's were waived in 2020.
For more information, see:
IRS: What if you Inherit an IRA?
[Edited 03/16/2021 | 8:33 AM PST]
March 16, 2021
8:21 AM