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Method change

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Last Updated On
ByGary

L1: Method changeI changed from the amortization method to the minimum distribution method on 10/1/02 based on 9/30/02 valuation. Would it be better to revaluate on 1/1/03 using 12/31/02 valuation or wait 1 year from the change and revaluate on 10/1/03 using 9/30/03 valuation?
Thanks for all your help, this site has helped out a huge amount.2002-12-10 22:03, By: Gary, IP: [127.0.0.1]

L2: Method changeHello Gary:
Although RR 2002-62 is a little unclear, my reading of the ruling says that you have no choice; you must revalue & recalculate on 12/31/02. No less than 3 times, the RMD method description uses the term “for that year”.
TheBadger
wjstecker@wispertel.net

2002-12-11 11:15, By: TheBadger, IP: [127.0.0.1]

L2: Method changeI totally agree with the Badger :~}2002-12-11 12:57, By: Gfw, IP: [127.0.0.1]

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