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Level 2
Feb 12, 2021 9:15 PM UTC
Question

RMD

I withdrew more than my RMD during 2020.  The tax form asks how much of my withdrawal was for the RMD.  Can I just say that all of it was or do I have to have the exact amount?

 

    2 replies

    macuser_22
    Alumni - Champ
    Alumni - Champ
    Feb 12, 2021 9:21 PM UTC

    There was no RMD for 2020 - the CARES act eliminated it for 2020 so answer the RMD question that NONE of it was a RMD.

    **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.**
    ldwhineryAuthor
    Level 2
    Feb 15, 2021 1:12 AM UTC

    That works for me, thanks.