Clients who obtained age 70.5 in 2019 and took an RMD in 2019 are still required to take an RMD in 2020 or can it be delayed until age 72(effectively skipping a year). I assume no but a local well respected CPA claims yes.

Also, a client who turns 70.5 this year or 71 in 2021 can’t process an IRA (QCD) this year or next since the new RMD age is now 72. Again, feel the answer is no but same CPA stated yes. He states, clients can still use old RMD schedule or new (age 72) in his opinion. Would love to provide him language to support or contradict his above interpretation.

We share multiple clients and he is the CPA but don’t feel he is correct!!!!