turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mb363
New Member

Cares Acit and IRA distributions

I opted to not take my RMD from my IRA in 2020 duee to the Cares Act.  My financial institution said I would need to inform the IRS that I chose that option.  How do I report that to the IRS in Turbo Tax?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Cares Acit and IRA distributions

If no distribution was made from the IRA in 2020 then you have nothing to report on your 2020 federal tax return concerning the RMD.

Cares Acit and IRA distributions

your financial institution gave you misinformation.

IRS knows the RMD was waived.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question