My husband took a RMD of $20K from his IRA in February. He passed away in May. This new law states that ALL RMD's for 2020 can be returned to the IRA's, if they were witdrawn for 2020 taxes.
The Credit Union is saying that, because of his death, they can not roll the $20K RMD back. He would have to be alive to do it. Furthermore, now the *SAME* IRA does not qualify for a rollback! It seems that I should NOT owe taxes on the $20K then!
What is the best way to handle this to prevent a tax liability?