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posted Feb 15, 2021 9:44:11 AM

Req Min Withdrawls from IRA accts in 2020....Are we exempt in 2020 due to Covid??

Am I right that I can ignore the REM in 2020 and not be penalized due to Covid??

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1 Replies
Level 9
Feb 15, 2021 9:48:40 AM

Yes, the RMD  was suspended for 2020 due to the CARES act. However it will be required for 2021 unless Congress does something about, which is not likely.