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Interest rate

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Last Updated On
ByRick H

L1: Interest rateCan the 5.96% interest rate be used for 72tdistributions made in July 2007?2007-07-07 12:27, By: Rick H, IP: [148.78.243.121]
L2: Interest rateShort answer – no. It can first be used fora plan that has its first distribution in 08/2007
From out interest rate page…

Revenue Ruling 2002-62 and Qualified SEPP Plans post 12/31/2002: The interest rate that may be used is any interest rate that is not more than 120 percent of the federal mid-term rate for either of the two months immediately preceding the month in which the distribution begins. 2007-07-07 14:55, By: Gfw, IP: [24.148.85.129]

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