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jimmoraga
New Member

Is the required minimum distribution waved for IRA's for 2020?

Is the required minimum distribution waved for IRA's for 2020?
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‎October 10, 2020 8:57 AM
last updated ‎October 10, 2020 8:57 AM
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BMcCalpin
Level 13

Is the required minimum distribution waved for IRA's for 2020?

The answer is "yes", depending on your birthday. Please see https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-di... 

‎October 10, 2020 9:45 AM
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fanfare
Level 15

Is the required minimum distribution waved for IRA's for 2020?

Due to COVID-19, you don't have to take a 2020 RMD. Your birthday has nothing to do with this.

‎October 10, 2020 12:49 PM
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