Is it the case that, under the CARES Act, any RMD distributions taken from February 1 to July 15 be treated as a rollover and deposited back into a qualified plan or an IRA up until July 15? Assuming that to be the case, is one who took an RMD in January is stuck with that decision? If so, that seems utterly arbitrary. How can that be?
I have a client who has been taking monthly installments from his Federal Employees' TSP to satisfy his RMD. Can he rollover the aggregate value of those distributions from February 1 to the present back into the TSP or into an IRA and suspend distributions for the remainder of the year?