Will there be an RMD for 2020 tax year?

[Anonymous_ · Accepted solution]

The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives required minimum distributions during 2020 for IRAs and retirement plans, including beneficiaries with inherited accounts.

See https://www.irs.gov/newsroom/irs-seniors-retirees-not-required-to-take-distributions-from-retirement...

[DoninGA]

Go to this IRS website for information - https://www.irs.gov/newsroom/irs-seniors-retirees-not-required-to-take-distributions-from-retirement...

The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives required minimum distributions during 2020 for IRAs and retirement plans, including beneficiaries with inherited accounts. This waiver includes RMDs for individuals who turned age 70 ½ in 2019 and took their first RMD in 2020. Roth IRAs do not require withdrawals until after the death of the owner. 

[Hal_Al]

For an alternate tax strategy  see https://ttlc.intuit.com/community/retirement/discussion/since-there-is-no-rmd-this-year-due-to-cares...