- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I did not take the RMD for 2020. It was suspended for 2020. What do I put in the box for RMD amount?
Topics:
March 23, 2021
11:34 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
The RMDs have been waived for tax year 2020.
Please read this IRS document for more information.
If you did not take a RMD in 2020, then there is nothing to report about your RMD on your tax return. There is no penalty.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 23, 2021
11:43 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
...And if you have an unused 1099-R form for that issuer, you delete the 1099-R involved in the retirement income section.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
March 23, 2021
12:39 PM