Are Multiple withdrawals allowed within each of the 5 years

L1: Are Multiple withdrawals allowed within each of the 5 years
I have an existing SEPP Plan and this is my 3rd year (2012). My date of birth is 08/14/1953. I will be 59 this year.
According to the calulations, I am to withdraw $130,000 this year from my IRA. The IRA is all stock. Do I have to sell the stock and make the withdraw all at once or can I sell some stock and withdraw a portion of the $130,000. In other words, is it okay
with the IRS to make multiple sales/withdrawls throughout the year as long as I complete the sale/withdrawals by 12/21/2012 and the correct amount ($130,000).
Thanks for your replies
2012-01-08 20:58, By: andyvet, IP: [76.122.77.220]

L2: Are Multiple withdrawals allowed within each of the 5 years
You do not have to sell any securities. You are allowed to do “Distributions in kind”, which means electronically transferring the securities from your IRA to your Non-Retirement acount.
However, this willrequire a little more effort because you must get your broker to notify you as to the Fair Market Value on the date of the distribution/transfer. But this allows you to keep the same investments, if you want to. Of course you will need
cash in either your SEPP 72-T IRA account to have them remit withholdings to IRS, or submit estimated taxes from your Non-Retirement account, or from your or your spouses, checking, savings, or Money Market accounts.
You actually have until 12/31/2012 to do the “Distribution In Kind” or cash withdrawal, rather than 12/21, but the earlier date is advisable in case a correction, or additional distribution, must be made.
2012-01-08 21:09, By: dlzallestaxes, IP: [96.227.217.194]

L3: Are Multiple withdrawals allowed within each of the 5 years
Thanks for the reply.
For clarity, I’m using the securities in my IRA for the Distribution. The majority of the stock is Apple and I only want to sell a portion as I need the money…. with the requirement to withdraw the calculated amount by 12/31/2012.

So, is it okay to sell aapl in traunces throughout the year, as needed, as long as the total IRA withdrawl is the calculated $130K?

2012-01-09 18:17, By: andyvet, IP: [24.216.52.49]

L4: Are Multiple withdrawals allowed within each of the 5 yearsSorry if I was not perfectly clear. You can sell anything in your SEPP 72-T at any time, either to provide cash for distributions, or to re-invest the proceeds in other securities. Similarly, you can make distributions from interest otr dividend cash,
or proceeds from sales, or capital gains. Anything happening WITHIN an IRA/SEPP 72-T does not affect distributions/withdrawals. Also, if you want to keep the same securities, and save commissions or transaction fees, you can distribute an appropriate VALUE
of securities, rather than cash, and rather than selling the securities in the SEPP, and then re-buying them in your non-retirement account.2012-01-09 19:28, By: dlzallestaxes, IP: [96.227.217.194]

L5: Are Multiple withdrawals allowed within each of the 5 years
Thanks
2012-01-09 21:34, By: andyvet, IP: [24.216.52.49]