RMD rollovers in CARES
Client took shares of xyz company for the IRA RMD amount. I know IF they rollback they have to roll the same shares, but can they roll back part of the shares? 100 shares distributed of xyz but client only wants to roll back part of the RMD ie 50 shares of XYZ.
Permalink Submitted by Alan - IRA critic on Wed, 2020-07-01 20:45
Yes, there is no requirement to roll over any particular amount of a distribution. If half the distributed shares are rolled back, the other shares would just be reported as taxable income generating an amount on line 4b. “Rollover” should still be shown next to 4b to reflect the portion of the distribution rolled back.