IF an RMD was not taken based on CARE act - how is this reported in TTax

MESMITH · ‎March 15, 2021

I didn't take my RMD this year based on the CARE Act waiver. Using TTax home and business - It askes if RMD was taken but not sure that's the correct answer since I have been taking it in the past . Is there a "form' that is generated. I have the $ amount that I could have taken.

MinhT1 · ‎March 15, 2021

The RMDs have been waived for tax year 2020.

Please read this IRS document for more information.

If you did not take your RMD in 2020, there is nothing to report about the RMD on your tax return. There is no penalty.

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View solution in original post

MinhT1 · ‎March 15, 2021

The RMDs have been waived for tax year 2020.

Please read this IRS document for more information.

If you did not take your RMD in 2020, there is nothing to report about the RMD on your tax return. There is no penalty.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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IF an RMD was not taken based on CARE act - how is this reported in TTax