2020 RMD returning distribution made earlier
I have heard that an RMD taken before the CARES Act can be rolled back into the IRA within 60 days and any withholding treated like an estimated tax payment. Do you agree with this interpretation?
Thank you
Terry Says
Yes, that is what my research tells me. But remember the 60 day rule,and make it clear to your custodian that this is a “rollover” and not a new contribution for 2020. Get confirmation of that in writing.
