ST Alpha - "Was that planned or did it show up in the legislation last week? -- nm" (Reading a Post)

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In response to "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" by Meg

Was that planned or did it show up in the legislation last week? -- nm

Posted by Max Apr 1 '20, 19:16

(No message)

Responses:

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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