You'll need to sign in or create an account to connect with an expert.
YES ... there are no RMD for the 2020 tax year ... you can skip it.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
jjkneeshaw
Level 2
IraDistribBeneficiary
Returning Member
Brockmeiers
Returning Member
wtflanders
Returning Member
PersRep1
Level 1