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.

asrdh8210
New Member

I have a decedents IRA, and I usually need to take out RMD. With the laws under the CARES Act can I postpone the distribution until next year?

This question is for the 2020 tax year.
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

I have a decedents IRA, and I usually need to take out RMD. With the laws under the CARES Act can I postpone the distribution until next year?

YES ... there are no RMD for the 2020 tax year ... you can skip it. 

dmertz
Level 15

I have a decedents IRA, and I usually need to take out RMD. With the laws under the CARES Act can I postpone the distribution until next year?

The CARES Act waives the 2020 RMD entirely.  It is not simply postponed.  In 2021 you'll take the 2021 RMD, not any part of the 2020 RMD that would have been required were it not for the CARES Act.

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