Inherited IRA RMD 2020 return
My inherited IRA is at TDAmeritrade, I took the 2020 RMD in January 2020. I have contacted them about how to send it back, since I saw nothing on their web site. From several of their phone agents the response I get is that I’m nuts, and this is a prohibited transaction for inherited IRA’s.
Any ideas of who I should contact, that this is a real thing until 8/31/20? Can they just refuse to take the return of the RMD as the custodian? Am I just out of luck with them?
Thanks.
Permalink Submitted by Alan - IRA critic on Sun, 2020-07-05 16:08
The staff has apparently not been alerted or trained with respect to Notice 2020-51. Next week you might call back and ask that they check with their supervisors about this Notice. Perhaps they will need more time to update their systems, but as far as I know all IRA custodians will be complying with the Notice once they make the required updates and do some training.