IRS broadens rollover relief for 2020 RMDs

Home Fairmark Forum Retirement Savings and Benefits IRS broadens rollover relief for 2020 RMDs

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    Alan S.
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    The IRS has issued Notice 2020-51: https://www.irs.gov/pub/irs-drop/n-20-51.pdf

    Taxpayers who received amounts that would have been RMDs for 2020 are now able to roll them back until 8/31. This includes such January distributions and other RMD amounts that could not have been rolled back due to the 60 day deadline or the one rollover limitation. Accordingly, all amounts that would have been RMDs can now be rolled back through 8/31, resolving some inequitable situations that taxpayers have been complaining about.

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