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Joyce2
Level 2
April 9, 2020

2020 RMDs

  • April 9, 2020
  • 1 reply
  • 5 views

Lots of conflicting information.  If someone has been taking their regular RMDs for several years, are they required to take their 2020 RMD?

Thanks.

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      1 reply

      abctax55
      abctax55
      Level 15
      April 9, 2020

      ALL RMD's are suspended.

      Having started them years ago is irrelevant.

      HumanKind... Be Both
        C
        chasetax
        Level 6
        April 9, 2020

        I disagree-just checked required minimum distributions on irs website-current 'rmd' recipients must continue taking distributions.  taxpayers turning 70 and 1/2 after December 31, 2019 do NOT have to take rmd until age 72.  would appreciate hearing other viewpoints

        abctax55
        abctax55
        Level 15
        April 9, 2020

        You're mixing apples & oranges.

        The extenders act passed late Dec said one doesn't have to START taking RMDs until 72.

        The CARES (et al) Act said any/all RMD's for 2020 can be suspended.

        HumanKind... Be Both
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