Cares Act question

During 2020, I know the CARES Act got folks off the hook for having to take RMDs, and in some cases didn’t count toward a year. If someone dies after 2020, their beneficiaries must distribute all money by 12/31 of the 10th anniversary after the decedent dies.

If someone died in 2020, that would mean 12/31/2030. Did the CARES Act allow another year? In other words, do beneficiaries get an extra year and have until 12/31/2031 if the defendant passes away in 2020?



No. The year of death is not counted in the 10 year rule. For a 2020 death the 10 years are 2021-2030. However, the Act waived the 2020 RMD for the decedent, so the beneficiary does not need to be concerned with completing a year of death RMD not taken by the decedent.



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