Customer age 73, recently (early this month) took her 2020 IRA RMD of $ 21,000.
$6,000 of it was distributed to 3 QCD's and $ 15,000 went to her. If I'm reading correctly, it appears RMD requirements will be suspended for the 2020 tax year.
RMD's are normally not eligible for a 60 day rollover, but I'm thinking my customer might be eligible to rollover the $ 15k under these circumstances.
Think this is correct ? Thanks for comments.
$6,000 of it was distributed to 3 QCD's and $ 15,000 went to her. If I'm reading correctly, it appears RMD requirements will be suspended for the 2020 tax year.
RMD's are normally not eligible for a 60 day rollover, but I'm thinking my customer might be eligible to rollover the $ 15k under these circumstances.
Think this is correct ? Thanks for comments.
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