Submitted By: someone
Answered: May 3, 2021 11:04 pm

I didn’t take a required minimum distribution in 2020? Do I have to file anything for this?

Required minimum distributions were waived for 2020. Anyone who did not take a distribution is fine; no special filing is required.

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Tax Glossary

Market discount

The difference between face value of a bond and lower market price, attributable to rising interest rates. On a sale, gain on the bond is generally taxed as ordinary income to the extent of the discount.

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