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Q. Do all IRA accounts have to be combined to determine the amount of the distribution? 

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ByTracy

A. No. Individual retirement plans do not have to be aggregated for purposes of calculating these payments. If a taxpayer owns more than one IRA, any combination of the taxpayer’s IRAs may be taken into account in determining the distributions by aggregating the account balances of those IRAs. See PLR 9050030. Also review PLR 9525062 which also deals with using multiple accounts to fund a single SEPP. 

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