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Required Distributions for 2020 Suspended for Many Plan Participants and IRA Owners
McDonald Hopkins 
[Guidance Overview] Apr. 13, 2020 "Did you take your 2020 required distribution before the law changed (or before you knew the law changed) to suspend required distributions for 2020? ... If the distribution occurred in the last 60 days, you may be able to roll those dollars back into the plan or into an IRA tax-free. That means you will not need to pay the tax on the distribution in 2020. Keep in mind that the dollars are tax-deferred, meaning you will pay income tax on them when they are ultimately distributed." |
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