Article Date:
July 2020


Word Count:
607

 

 

Act Now: IRS Creates New Path for Undoing RMDs


Question

 

In January 2020, before Congress changed the law, I took my 2020 required minimum distribution (RMD) from an inherited IRA—totaling $8,200.

 

In COVID-19: Two New Retirement Account Strategies You Need to Know, you explained I could pay it back and avoid being taxed on the $8,200 if it was a coronavirus-related distribution, but I don’t qualify for that.

 

Am I out of luck, or is there some loophole still out there? ... Log in to view full article.

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