Shortcut Navigation:

Question for the Money Doctors

Question submitted on Apr 8, 2020.

Question

IRS passed RMD waiver on 3/27/202. what is meaning of this waiver? If I don't want to take RMD this year (2020), I can postpone for year. There will be no penalty on when I file return for year 2020 in year 2021.

Answer

Yes, you do not have to take the RMD in 2020. No penalty when you file your tax return for 2020 in 2021.


For additional information visit //www.360financialliteracy.org/

close