KathrynG3
Expert Alumni

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]

 

@ireallycandothis