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.