RMD rollover per CARES Act ?

chief244 · ‎May 19, 2020

My wife andI took our RMD when we filled our 2019 taxes. Now we learn we can roll it back into our IRA. How am I to do this ?

macuser_22 · ‎May 19, 2020

The CARES act does not apply to 2019 distributions. RMD's are suspended for 2020. If a RMD is taken in 2020 then it can be rolled back within 60 days of the distribution.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

EIGENRAUCH · ‎January 27, 2021

Which Turbo Tax product will cover a Cares Act 2020 Rollback RMD IRA contribution?

macuser_22 · ‎January 27, 2021

Any other than the Free version. Just be sure to check the box that "none of this distribution was a RMD" because it was not, otherwise you cannot roll it over.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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RMD rollover per CARES Act ?