year end SEPP calculations

L1: year end SEPP calculationsI retired on Sep. 27, 2002. I am rolling my lump sum pension distribution and my 401k into an IRA. I was going to begin my SEPP in Jan. 2003, but now I want to establish my plan under the old rules. I therefore want to receive my first distribution in Dec. What date of IRA valuation should I use. I was thinking of Nov. 31, 2002? Can I use the Dec 2002 long-term interest rates to begin my SEPP? If I use Nov 31 for IRA balance and Dec interest rates every year of my SEPP plan I would think it would be considered substantially equal. What is your opion and do you have any other suggestions? Thanks.
danjay2002-10-13 06:08, By: danjay, IP: [127.0.0.1]

L2: year end SEPP calculationsI think your are right on. Using the 11/30 balance with the 1st distribution in December based on December’s AFRs should work. The December AFRs should be published sometime after November 21.
I would merely document 4the plan and maintain all associated records like account balances, etc.
Good Luck!
2002-10-13 09:14, By: Gfw, IP: [127.0.0.1]