Reply To: Reporting redeposited 2020 RMD

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Thanks for your reply. I think I understand what you are saying, but let me summarize:

My required RMD would have been $69,023.27. As you suspect I did round it up to $70,000. It was an in-kind transfer of mutual fund shares, there was no with-holding and the same shares and number of shares were later returned to the IRA. I have no earned income. So it would appear that unless the IRS considers $977 a “trivial amount”, I do, indeed have an excess contribution. If this is an accurate reading of your advice, I should contact Fidelity to guide me through a “corrective distribution”.

Do I have this right?