ST Alpha - "Hadn't noticed that before. Minimum IRA distribution will not be required this year. Depending capital gains I actually may not owe any tax next year. -- nm" (Reading a Post)

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Hadn't noticed that before. Minimum IRA distribution will not be required this year. Depending capital gains I actually may not owe any tax next year. -- nm

Posted by Meg (aka Mojave) Apr 1 '20, 19:08

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Responses:

Was that planned or did it show up in the legislation last week? -- nm - Max Apr 1, 19:16 4
- This was apparently new in the relief act. RMDs had already been pushed back to start at 72 rather than 70.5 but not this. -- nm - Meg Apr 1, 19:20 3
  - If you've already taken this year's RMD you're out of luck unless you can roll it into another IRA within 60 days. -- nm - Meg Apr 1, 19:23 2
    - I have a small inherited IRA. I alwys take my RMD in a panic on like december 28th. I'm cool! -- nm - amanda Apr 1, 19:24 1
      - Yep, I wait until December - why transfer it to a taxable account any sooner? Guess I'm lucky I don't depend on it. -- nm - Meg Apr 1, 19:28

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