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Level 1
posted Mar 23, 2021 11:34:02 AM

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

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1 Best answer
Expert Alumni
Mar 23, 2021 11:43:42 AM

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.

2 Replies
Expert Alumni
Mar 23, 2021 11:43:42 AM

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.

Level 15
Mar 23, 2021 12:39:27 PM

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