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Level 1
February 28, 2021
Question

Were we require to take an rmd in 2020

  • February 28, 2021
  • 2 replies
  • 2 views
was the rmd requirement waved for 2020

2 replies

DoninGA
Level 15
Level 15
February 28, 2021

The RMD requirement was waived for tax year 2020.

macuser_22
Alumni - Champ
Alumni - Champ
February 28, 2021

RMD's for IRA's and defined contribution plans like employer retirement plans like 401(k)'s were waived for 2020.

 

Defined benefit  plans, equal periodic payment plans (most pensions) were not waived.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**