According to the CARES Act (COVID-19 relief) RMDs required to be made or that begin in 2020 are waived. Calendar year 2020 is disregarded for distributions that are being made under the 5-year rule. Learn more about the the CARES Act here.
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Correct. The CARES act eliminated the 2020 RMD requirement.
**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.**
