Q. Can a portion of an IRA account be excluded from the calculations? 

A. No, the entire account balance in each of the pertinent IRA’s must be taken into account. A portion of one or more of the IRAs may not be excluded in order to limit the periodic payment to a predetermined amount. PLR 9705033. However, an IRA can be split into two accounts. In this case, one IRA account can be used for the SEPP and the other can be left untouched.