72t distribution from one account when you have multiple accounts
L1: 72t distribution from one account when you have multiple accounts
If I include more than one account, which accounts do I use to make the payments? This is a question on this website but the answer references PLR 9705033 and states it is ok to take a distribution from one account and satisfy the distribution requirements of all of them. That PLR is 14 years old. Is the answer still the same and is there any more guidance/supportfor the answer? Any primary source that applies to all?
2010-02-24 13:57, By: JDW, IP: [220.127.116.11]
L2: 72t distribution from one account when you have multiple accountsYou can take the distribution for any or all of the accounts as long as they were all included in your SEPP universe. With that said, you may also be making yourself a target by using 3 separate accounts as one SEPP. A much better approach would be to combine all three accountsinto one account (for example one brokerage account where your investments aren’t limited)which makes itmuch easier to watch and document.2010-02-24 17:45, By: Gfw, IP: [18.104.22.168]