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pineray
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How do I handle partial distribution of my IRA fund during 2020 based on the exemption of RMD in 2020 due to Corona Virus pandemic situation

My investment bank Vanguard stopped the distribution of my IRA fund and therefore I did not meet the Required Minimum Distribution in 2020. How to I avoid penalty for not doing the full RMD?
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How do I handle partial distribution of my IRA fund during 2020 based on the exemption of RMD in 2020 due to Corona Virus pandemic situation

Delete the 1099-R and re-enter to reset the answers.

 

Answer the RMD questions that "none of this distribution was a RMD" or RMD not required".

 

No 2020 distribution from a IRA or defined contribution account  like a 401(k) was a RMD.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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