Roll back of IRA distribution by taxpayer age 68 | Ed Slott and Company, LLC

Roll back of IRA distribution by taxpayer age 68

Does Notice 2020-51 pertain to a taxpayer age 68 who took a distribution in 2020 from their IRA and now wants to roll distribution back to IRA prior to 8/31/2020?

The distribution does not qualify as a Corona Virus related distribution as the taxpayer has not met any of the criteria for this to be the case.

Does the notice only apply for RMDs?

Thanks
Howard

The Notice only applies to amounts that would have been RMDs had they not been waived.  This taxpayer was limited to the 60 day rollover deadline since the distribution was not an RMD.

 

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