RMD Waiver and Rollovers - Spidell

RMD Waiver and Rollovers

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Message Board RMD Waiver and Rollovers

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    • #259447
      Jamie Walling

      When a taxpayer has taken a monthly distribution to count towards the annual RMD, do you believe they can “rollover” the entire amount taken (even though in multiple distributions) or can they only rollover one payment?  My financial advisor’s back office says only one payment can be rolled over.  I interpret the rules to say all amounts taken from 1/1-6/30/20 can be repaid by 8/31/20 as long as it’s not greater than the actual RMD for the year.

    • #259900
      Mike Giangrande

      You are correct. The financial advisor is wrong.

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