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Retirement tax questions
Sorry, I must have not been clear. I'm talking about the current RMD due to be reported on my 2019 tax form which I have not yet filed. This RMD is based on the balance in my IRA on 12/31/19.
Under the new rules in the Trump bill, should I now cancel the RMD entries on my 1040?
If so, do the RMD funds have to be sent back to the custodian or are they just considered a tax free withdrawal from the IRA?
Thanks,
Jerry
March 28, 2020
7:01 AM