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?
02376
2 Replies
DoninGA
Level 15
Mar 7, 2021 12:11:03 PM
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.
fanfare
Level 15
Mar 7, 2021 5:18:28 PM
your financial institution gave you misinformation.