RMDs from 401(k)s (>5% Owners)
The client is a >5% owner of a company that has an active 401(k). He is 75 years old and has been required to take RMDs even though he continues to work. With the suspension of the RMDs for IRAs and 401(k)s, would this person get relief as well?
Permalink Submitted by Alan - IRA critic on Mon, 2020-03-30 20:19
Yes, the 2020 RMD is waived regardless of plan. If it has already been distributed in the last 60 days, it can be rolled over.