I'm over 70.5 years old. In 2020, RMD's were suspended. I did, however, make an IRA withdrwl for mediate charity contrib. Can I designate this as "None was RMD" ?
My proposed reply was to answer "YES" Becase it was NOT "REQUIRED". (BTW, This was a Tubotax question!
02270
2 Replies
dmertz
Level 15
Feb 1, 2021 5:00:41 AM
Correct. None of the distribution was RMD because no distribution was required.
Critter-3
Level 15
Feb 1, 2021 5:23:53 AM
The reason the RMD question is asked because it could still be an RMD even though they were not required last year. Most folks will answer NO.