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Mid Year 2002-62

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ByGary

L1: Mid Year 2002-62One more time !
If I’ve already pulled out more than the RMD calculated amount this year, must I wait until 01/01/04 to take advantage of one time Rev Rul 2002-62 reduction for remainder distributions? Currently under amortization method.
Thanx, Gary2003-06-12 16:32, By: Gary, IP: [127.0.0.1]

L2: Mid Year 2002-62General thought is that since you have altready exceed the MD calculation amount is that you should continue the current plan and make the change for the next year.From section 2.03(b)…

An individual who begins distributions in a year using either the fixed amortization method or the fixed annuitization method may in any subsequent year switch to the required minimum distribution method to determine the payment for the year of the switch and all subsequent years and the change in method will not be treated as a modification within the meaning of 72(t)(4).2003-06-14 06:26, By: Gfw, IP: [127.0.0.1]

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