Treatment of Spouse's RMD with a CRD Claim | Ed Slott and Company, LLC

Treatment of Spouse's RMD with a CRD Claim

My client qualified for a CRD due to his consulting work having dried up as companies put the brakes on the work he was doing for them. It seems clear that he can return his distributions, but can his wife return hers? They are married and file jointly.

Yes, anyone who qualifies for a CRD can repay all or part within 3 years of the distribution. Wife now qualifies for a CRD due to spouse's reduction of work.

 

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