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Returning Member
posted Jun 15, 2020 6:13:47 PM

The IRS allows anyone who has taken the 2020 RMD to move it to a Roth IRA. A form 8606 is needed to move the RMD to a Roth. How do I fill out the form?

0 4 524
4 Replies
Level 15
Jun 15, 2020 6:32:04 PM

it's just not true. you should study up more on what your options are.

Level 15
Jun 15, 2020 7:14:49 PM
Level 15
Jun 15, 2020 7:43:05 PM

OK 2020 is a special case . your distributions was not an RMD.

Level 15
Jun 15, 2020 7:59:43 PM

If the distribution was made in January, it's now too late to roll this distribution over to a Roth IRA as a conversion contribution unless the distribution qualifies as a Coronavirus Related Distribution or Congress changes the law to allow non-CRD distributions made in January to be rolled over after the regular 60-day deadline.  Extension of the rollover deadline to July 15, 2020 only applies to distribution made on February 1 and later.