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RMD rules on Keoghs

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ByLiv

L1: RMD rules on KeoghsI have a client who has both a traditional IRA & an old Keogh plan.
(He’s the sole owner/employee on the Keogh plan & it uses his social.)
When calculating his RMD’s for the year, I calculated the required amount
for both accounts andthen withdrew that total all from the Keogh.
His CPA says this is not allowable. I was under the impression that it does not matter which acct. you withdraw from so long as you take the total amount due from all retirement accts. in the house-hold…
Can anyone clarify this for me? And if possible, shoot me to some place where I can findthe ruling in writing? I would like to forward it to the CPA. Thanks!2004-04-16 11:58, By: Liv, IP: [199.67.138.25]

L2: RMD rules on KeoghsCPA is right. If they were both IRAs then it would be ok, but each different plan type stands on its own. 2004-04-16 12:12, By: Gfw, IP: [12.221.34.192]

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