☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 26, 2020 7:53:06 AM

Satisfying IRA Required Minimum Distribution

I was just wondering if a transfer of funds from a standard IRA to a Roth IRA could apply towards satisfying the government's Required Minimum Distribution?

0 3 762
3 Replies
Expert Alumni
Feb 26, 2020 10:22:08 AM

No, a Required Minimum Distribution (RMD) can't be rolled over, therefore, a rollover can't be an RMD. 

 

Click here to learn more.

New Member
Apr 9, 2020 12:28:29 PM

I have paid mine in this year. But the Gov. pass a law . on March 27 and said we could get it back this year.Is that right? 

Expert Alumni
Apr 9, 2020 1:27:45 PM

 The government passed skipping - not taking- the RMD this year. You do not have to take your RMD. You can take it if you want to.

 

CNBC News

 

@neals273