I took my full year lump sum RMD for 2020 on Jan 5th. At this time, under the CARES Act., 2020 RMD's are deferred...but no one can tell me (Including IRS which is unavailable) whether the 60-day redeposit feature has also been extended. I'd like to redeposit the lump sum $$ I withdrew in January if at all possible to take advantage of NOT having a RMD in 2020. Does anyone know anything about a "re-deposit" time extention or anything pertaining to this situation? Thanks in advance Jerry U
Currently, there is no extension to the 60 day redeposit rule for taking an RMD in 2020.
This just in. Now you can rollover all RMD's taken in 2020 until the end of August. Wow. And it doesn't use up your once a year rollover.