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Submitted By: someone
Answered: May 3, 2021 11:04 pm
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
Unrecaptured Section 1250 gain
Long-term gain realized on the sale of depreciable realty attributed to depreciation deductions and subject to a 25% capital gain rate.
