Skip to content

Roll back in RMDs?

Answered by: 

Question: 
Our customer claims he or she does not need to take out the RMD for 2020, is this true?
Answer: 

It is correct. You were required to notify your customer that the RMD was not required and this would be satisfied by sending out 5498 in August without the RMD box checked.

-----------------------------

Learn more about Deborah Crawford’s webinar

IRA Year End Wrap-Up

First published on 11/15/2020

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics