Skip to main content
Level 2
February 12, 2021
Question

RMD

  • February 12, 2021
  • 1 reply
  • 0 views

I withdrew more than my RMD during 2020.  The tax form asks how much of my withdrawal was for the RMD.  Can I just say that all of it was or do I have to have the exact amount?

 

    1 reply

    macuser_22
    Alumni - Champ
    Alumni - Champ
    February 12, 2021

    There was no RMD for 2020 - the CARES act eliminated it for 2020 so answer the RMD question that NONE of it was a 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.**
    ldwhineryAuthor
    Level 2
    February 15, 2021

    That works for me, thanks.