RMD under new rules
a 74 year old practicing psychologist took his RMD of $100k for 2020 earlier this year in February. GIven the current rules can he roll that back in?
a 74 year old practicing psychologist took his RMD of $100k for 2020 earlier this year in February. GIven the current rules can he roll that back in?
Permalink Submitted by Alan - IRA critic on Fri, 2020-07-10 15:43
Yes, per Notice 2020-51 he has until 8/31 to return the RMD to the account from which it was distributed if the RMD was an IRA RMD. If employer plan it can go back to same account or to an IRA.