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Q. Can distributions be made monthly?

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ByTracy

A. IRS Pub 590b states that “you must take at least one distribution annually”. Several private letter rulings specifically address the subject of monthly payments:
-PLR 8919072 – The annual distribution amount was distributed as 12 equal monthly payments.

– PLR 200105066 – The annual distribution was divided by 12 with the first payment to be made in July – only six payments were made in year 1 with the second annual payment calculated in January of the following year.

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