@fanfare wrote:
you have to be a dedicated tax geek to tease out Sec 2203 (I)(i)(III)
and Sec 2203 (I)(ii)(II) from the CARES Act.
Hey, IRS always waives the 50% penalty anyway so why worry ?
The point is that the CARES act temporary eliminates the requirement to take the 2020 RMD at all. That can be an economic advantage for some.
And reading and understand the CARES act (and most tax law) only requires some basic intelligence - it ain't rocket science. Quite simple really.
**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.**
