Rollover of 2020 RMD

In today’s WSJ, Ed Slott is cited as saying “….the IRS on Thursday (April 9) issued a notice that lets anyone who took an RMD between Feb. 1 and May 15 put the money back by July 15. Essentially, it gives the people in this group an extension to July 15 on the 60-day rollover deadline ….”

Could someone tell me what Notice this is? I can’t seem to find anything that includes this information.



I emailed the author of the story and she pointed me to the notices and rev proc above. She said a source at the IRS clarified where to find the information as it related to an affected taxpayer. 

CFR 301.7508A–1 *allows* the IRS to postpone the rollover deadline by reason of a federally declared disaster, but none of the referenced Rev Proc or Notices addresses rollovers under the present circumstances, as far as I can tell.  Perhaps there will be an upcoming notice that does this, but as far as I can tell, no such notice has yet been published:  https://www.irs.gov/pub/irs-drop/

There is an extensive list of code section and regulations linked to Notice 2020-23 for which actions due by 4/1 are now due by 7/15. However, this does nothing to help taxpayers who took their 2020 RMD in January and cannot now roll it back. Therefore, those taxpayers are still looking for equitable relief.

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