RMD

No.  You have to take the RMD out and pay taxes on it.  Unless you take the RMD as a QCD qualified chartable contribution directly from the IRA account.    But if you have earned income from working and qualify you can make a new contribution using the money you get from the RMD.  

Hi Marvinrhansen,

Thank you for this question.

Distribution requirements were waived for 2020 due to the coronavirus pandemic. An account owner or beneficiary who received an RMD in 2020 had the option of returning it to their IRA or other qualified plan to avoid paying taxes on that distribution. Currently, You can not put your Required Minimum Distribution (RMD) back into your Traditional IRA account.

However, you can reinvest the RMD amount into other types of financial accounts, such as a taxable investment account. However, you are not allowed to return it to an IRA account.

If you have earned income equal to or greater than the RMD amount, you can contribute it to a Roth IRA. 

Good luck to you!

yes you can as long as you have earned income and meet the other requirements for making an iRA contribution. You must take the RMD and then make a cash contribution. 

The RMD will increase taxable income but if you can make a tax deductible IRA contribution for the same amount as the RMD,  the net will be zero. 

but note that this strategy will likely increase the RMD for next year (depending on how the IRA does for the year)