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Level 1
February 26, 2020
Question

Satisfying IRA Required Minimum Distribution

  • February 26, 2020
  • 1 reply
  • 3 views

I was just wondering if a transfer of funds from a standard IRA to a Roth IRA could apply towards satisfying the government's Required Minimum Distribution?

1 reply

Level 15
February 26, 2020

No, a Required Minimum Distribution (RMD) can't be rolled over, therefore, a rollover can't be an RMD. 

 

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Level 2
April 9, 2020

I have paid mine in this year. But the Gov. pass a law . on March 27 and said we could get it back this year.Is that right? 

AmyC
Level 15
April 9, 2020

 The government passed skipping - not taking- the RMD this year. You do not have to take your RMD. You can take it if you want to.

 

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@neals273

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