topic Re: Satisfying IRA Required Minimum Distribution in Get your taxes done using TurboTax

Satisfying IRA Required Minimum Distribution

tigervet — Wed, 26 Feb 2020 15:53:06 GMT

I was just wondering if a transfer of funds from a standard IRA to a Roth IRA could apply towards satisfying the government's Required Minimum Distribution?

Re: Satisfying IRA Required Minimum Distribution

JulieS — Wed, 26 Feb 2020 18:22:08 GMT

No, a Required Minimum Distribution (RMD) can't be rolled over, therefore, a rollover can't be an RMD.

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Re: Satisfying IRA Required Minimum Distribution

neals273 — Thu, 09 Apr 2020 19:28:29 GMT

I have paid mine in this year. But the Gov. pass a law . on March 27 and said we could get it back this year.Is that right?

Re: Satisfying IRA Required Minimum Distribution

AmyC — Thu, 09 Apr 2020 20:27:45 GMT

The government passed skipping - not taking- the RMD this year. You do not have to take your RMD. You can take it if you want to.

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