RMD

[vet]

I took some of my RMD during 2020 but then the pandemic came along and I was told RMDs were suspended for the year so I stopped taking them.  Using Turbo Tax I'm confused.  I want to check the box that says "I  was not required to take my RMD" and just file my 1099Rs as I received them.  Do I have to check the box that says " "Did not receive all of my RMD" and then request a waiver of the taxes.  I had taxes deducted with each RMD distribution.

[VolvoGirl]

No.  just say it was not the RMD.  Since there is no RMD required for 2020, after you enter the 1099R say it was NOT an RMD. 

[dmertz · Accepted solution]

You were not required to take an RMD for 2020.   The CARES Act made what you did take out be a voluntary distribution, not an RMD.

[vet]

Thank you.

[vet]

Thank you.