CARES Act In Relation To 2020 RMD’s
If I am understanding correctly, with the passage of the CARES Act, individuals who are of age (past 70 1/2 years of age) are not required to take the normal mandatory RMD for 2020 … Could someone please confirm this ??
Many thanks !!
Gregg Guiol
Permalink Submitted by Alan - IRA critic on Fri, 2020-06-12 18:32
Yes, all 2020 RMDs are waived including those from inherited IRAs. In addition, for anyone who reached 70.5 in 2019 and delayed their first RMD (for 2019) to 2020, those delayed 2019 RMDs are also waived.