RMD
Client had a Thrift Savings Plan (qualified plan) from which RMDs were taken in January, February and March. The client rolled the Thrift Savings Plan into an IRA. Question is whether he can “repay” those RMDs to the new IRA under Notice 2020-51?
Permalink Submitted by Alan - IRA critic on Mon, 2020-08-10 17:30
Yes, these “would be” RMDs can be repaid to the IRA by 8/31. Only IRA distributions of those RMDs must be repaid to the distributing account.