Permalink Submitted by Alan - IRA critic on Thu, 2021-09-23 20:51
All 2020 RMDs were waived by the CARES Act. But if an RMD was not completed for a year prior to 2020, it should be distributed ASAP and Form 5329 filed for the missed year to request waiver of the 50% penalty.
Permalink Submitted by Alan - IRA critic on Thu, 2021-09-23 20:51
All 2020 RMDs were waived by the CARES Act. But if an RMD was not completed for a year prior to 2020, it should be distributed ASAP and Form 5329 filed for the missed year to request waiver of the 50% penalty.