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jimmoraga
Level 1
October 10, 2020
Question

Is the required minimum distribution waved for IRA's for 2020?

Is the required minimum distribution waved for IRA's for 2020?

2 replies

BillM223
Level 15
October 10, 2020

The answer is "yes", depending on your birthday. Please see https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distributions-rmds 

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fanfare
fanfare
Level 15
October 10, 2020

Due to COVID-19, you don't have to take a 2020 RMD. Your birthday has nothing to do with this.

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