Skip to main content
Level 2
February 16, 2021
Solved

Required RMD and CARES

  • February 16, 2021
  • 4 replies
  • 34 views

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"?

    Best answer by JeffreyR77

    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.

    4 replies

    Level 10
    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.

    Level 2
    March 6, 2021

    My checks did not change so should I mark no

    Level 2
    March 6, 2021

    My checks did not change so what should I mark

     

    DMarkM1
    Level 15
    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.  

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"