qbteachmt
Level 15
06-09-2020
07:38 PM
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"extended to 7/15 if the RMD was taken out after February 1"
I found these articles for you. The issue of 2 RMDs, one from each different account, in the same year and unwanted RMDs:
https://www.investopedia.com/articles/retirement/03/110503.asp
https://www.kitces.com/blog/2020-rmd-waived-cares-act-irs-notice-2020-23-fix-unwanted-rmd-rollover/
I would suggest that the second RMD amount gets turned into a Roth conversion, if there is no provision for rolling it. He pays taxes either way, but that would return it to a sheltered position with tax free earnings/growth from now on, and no further RMD requirement.
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