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Level 2
posted Feb 16, 2021 11:52:08 AM

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"?

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1 Best answer
Expert Alumni
Feb 16, 2021 2:20:40 PM

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
Expert Alumni
Feb 16, 2021 2:20:40 PM

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.

New Member
Mar 6, 2021 1:06:06 PM

My checks did not change so should I mark no

New Member
Mar 6, 2021 1:08:16 PM

My checks did not change so what should I mark

 

Expert Alumni
Mar 7, 2021 7:55:49 AM

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