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Distribution date change – 72 T

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Byxuh

L1: Distribution date change – 72 Tquestion: this yearI will take a 72T(year 1) distribution in August just received lump sum on pension, can I change the date of future years (2,3,4,5) 72T distributionto January andbe in compliance with IRS rule. any help appreciated. thanks.2003-08-07 17:20, By: xuh, IP: [127.0.0.1]
L2: Distribution date change – 72 TThere is no IRS rule that states that you have to take your distribution in January.2003-08-09 06:57, By: Gfw, IP: [127.0.0.1]

L2: Distribution date change – 72 Txuh – I believe the answer to your question is that you can take the payment in ANY month in the remaining years. The fact that you took the first payment in August of this year does not lock you in to taking all remaining payments in the month of August of future years. The rule just states that it is ONE payment per year.2003-08-09 08:19, By: Frank, IP: [127.0.0.1]

L2: Distribution date change – 72 TThanks for the clarrificaton. The rules actually states that “not less frequently than annually” rather than one payment per year.
Payments may really be taken at any time, in about any mode, as long as the amounts taken are equal to the calculated annual payment for the year.2003-08-09 08:46, By: Gfw, IP: [127.0.0.1]

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