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Gjimenea
Level 1
May 5, 2020
Question

RMD

  • May 5, 2020
  • 1 reply
  • 3 views

Turbo is asking if I received all of my 2019 RMD. I did not becuase I deferred it for 2020 before the deadline in April 1

    1 reply

    macuser_22
    Alumni - Champ
    macuser_22Alumni - Champ
    Alumni - Champ
    May 5, 2020

    If you indeed took it before Apr 1, 2020 then you *did* take all of your 2019 RMD so answer yes.    That is still a 2019 RMD and not a 2020 RMD.

     

    BTW: Are you aware that because of the CARES act the 2020 RMD is not required to be taken (that did not affect the 2019 RMD).

    **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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