topic We forgot to take money out of my wife's two IRAs to cover the RMD. What do we do now? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/we-forgot-to-take-money-out-of-my-wife-s-two-iras-to-cover-the-rmd-what-do-we-do-now/01/2140517#M144320 Sat, 27 Mar 2021 14:20:55 GMT fpnoel 2021-03-27T14:20:55Z We forgot to take money out of my wife's two IRAs to cover the RMD. What do we do now? https://ttlc.intuit.com/community/retirement/discussion/we-forgot-to-take-money-out-of-my-wife-s-two-iras-to-cover-the-rmd-what-do-we-do-now/01/2140517#M144320 Sat, 27 Mar 2021 14:20:55 GMT https://ttlc.intuit.com/community/retirement/discussion/we-forgot-to-take-money-out-of-my-wife-s-two-iras-to-cover-the-rmd-what-do-we-do-now/01/2140517#M144320 fpnoel 2021-03-27T14:20:55Z Re: We forgot to take money out of my wife's two IRAs to cover the RMD. What do we do now? https://ttlc.intuit.com/community/retirement/discussion/re-we-forgot-to-take-money-out-of-my-wife-s-two-iras-to-cover-the-rmd-what-do-we-do-now/01/2140540#M144322 <P><SPAN>The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives required minimum distributions during 2020 for IRAs and retirement plans, including beneficiaries with inherited accounts. This waiver includes RMDs for individuals who turned age 70 ½ in 2019 and took their first RMD in 2020.&nbsp;</SPAN><A title="Roth IRAs" href="https://www.irs.gov/retirement-plans/roth-iras" data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="3259dd71-0c89-4291-ad74-121cfa2f05fa" target="_blank">Roth IRAs</A><SPAN>&nbsp;do not require withdrawals until after the death of the owner.&nbsp;</SPAN></P> Sat, 27 Mar 2021 14:31:09 GMT https://ttlc.intuit.com/community/retirement/discussion/re-we-forgot-to-take-money-out-of-my-wife-s-two-iras-to-cover-the-rmd-what-do-we-do-now/01/2140540#M144322 DoninGA 2021-03-27T14:31:09Z Re: We forgot to take money out of my wife's two IRAs to cover the RMD. What do we do now? https://ttlc.intuit.com/community/retirement/discussion/re-we-forgot-to-take-money-out-of-my-wife-s-two-iras-to-cover-the-rmd-what-do-we-do-now/01/2141222#M144361 <P><SPAN class="lia-link-navigation lia-link-disabled">"What do we do now?"</SPAN></P><P>&nbsp;</P><P><SPAN class="lia-link-navigation lia-link-disabled">pay the tax by May 17th.</SPAN></P> Sat, 27 Mar 2021 17:40:58 GMT https://ttlc.intuit.com/community/retirement/discussion/re-we-forgot-to-take-money-out-of-my-wife-s-two-iras-to-cover-the-rmd-what-do-we-do-now/01/2141222#M144361 fanfare 2021-03-27T17:40:58Z