turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Larry Z1
New Member

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??

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

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

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies