Reply To: 2020 RMD

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Alan S.

You can do a 60 day rollover as long as you qualify and have not done a prior such rollover in the last 12 months. Note that when an in kind distribution is taken from an IRA, the same property that was distributed must be the property rolled back, so it is fortunate that you did not sell the shares or you could not complete this rollover.

Even though the shares have dropped, when you report the rollover on your 2020 return, you would ignore the reduced value of the shares. You would therefore have done a complete rollover with no tax due.