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TaxingLife
Level 2
February 16, 2021
Solved

Required RMD and CARES

Why does TT say I needed to take a RMD, when CARES suspended RMD for this year?

 

Do I just check "was not required to take an RMD for 2020"?

    JeffreyR77Answer
    Alumni - Intuit
    February 16, 2021

    Yes, you can check 'was not required to take an RMD for 2020".  CARES waived the requirement on a one-time basis for 2020 RMD.

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    4 replies

    JeffreyR77Answer
    Alumni - Intuit
    February 16, 2021

    Yes, you can check 'was not required to take an RMD for 2020".  CARES waived the requirement on a one-time basis for 2020 RMD.

    nsh1
    Level 2
    March 6, 2021

    My checks did not change so should I mark no

    nsh1
    Level 2
    March 6, 2021

    My checks did not change so what should I mark

     

    DMarkM1
    DMarkM1
    Alumni - Intuit
    March 7, 2021

    You can indicate that no RMD was required, even though you took RMD as it was part of your regular/normal distributions.  

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