Sec. 40302. Waiver of 60-day rule in case of rollover of otherwise required minimum distributions in 2019 or 2020
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/bill/116/hr/6800/eh/section-40302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
60 -day rule in case of rollover of otherwise required minimum distributions in 2019 or 2020 402(c)(3) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: 2019 or 2020 In the case of an eligible rollover distribution described in the second sentence of paragraph (4), subparagraph
(A)shall not apply to any transfer of such distribution made before December 1, 2020. . Section 408(d)(3) of such Code is amended by adding at the end the following new subparagraph: 2019 and 2020 rollovers In the case of a distribution during 2019 or 2020 to which, under subparagraph (E), this paragraph would not have applied had the minimum distribution requirements of section 401(a)(9) applied during such years, the 60-day requirement under subparagraph
(A)and the limitation under subparagraph
(B)shall not apply to such distribution to the extent the amount is paid into an individual retirement account, individual retirement annuity (other than an endowment contract), or eligible retirement plan (as defined in subparagraph (A)) as otherwise required under such subparagraph before December 1, 2020. . The amendments made by this section shall apply to taxable years beginning after December 31, 2018.