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

Deferred compensation

A portion of earnings withheld by an employer or put into a retirement plan for distribution to the employee at a later date. If certain legal requirements are met, the deferred amount is not taxable until actually paid, for example, after retirement.

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