Notice 2020-51 - Spidell

Notice 2020-51

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Message Board Notice 2020-51

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    • #259993
      Eric Johnson
      Participant

      As I understand it, the 8/31/20 rollover date only refers to RMDs. Therefore, any 2020 pre age 70.5/72 distributions, that the taxpayer wishes to rollover, still must occur within 60 days of the distribution. Is that correct?

    • #260016
      Diane White
      Participant

      That is correct. Your client however may qualify for a waiver if certain situations are present. There is information in the retirement plan section on the IRS website regarding waivers and how to apply.

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