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Level 1

Solved

I did not take the RMD for 2020. It was suspended for 2020. What do I put in the box for RMD amount?

Forum|Forum|5 years ago
March 23, 2021
1 reply
16 views

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Best answer by MinhT1

The RMDs have been waived for tax year 2020.

Please read this IRS document for more information.

If you did not take a RMD in 2020, then there is nothing to report about your RMD on your tax return. There is no penalty.

MinhT1Answer

Level 15

The RMDs have been waived for tax year 2020.

Please read this IRS document for more information.

If you did not take a RMD in 2020, then there is nothing to report about your RMD on your tax return. There is no penalty.

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Level 15

...And if you have an unused 1099-R form for that issuer, you delete the 1099-R involved in the retirement income section.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*