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separate accounts

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ByLisa

L1: separate accountsMy question is this:
An IRA Rollover has been seperated into two accounts because of the type of securities owned. Both account values are needed for the 72T calculation. Can they be assumed as one accountfor the purpose of monthly distributions. For example: Account #1 has $159,000 and Account #2 has$350,000, can I journal the dividends from Account #1 into Account #2 and take the combined distribution from Account # 2. Please advise.2002-11-04 10:10, By: Lisa, IP: [127.0.0.1]

L2: separate accountsHello Lisa:
You can certainly treat the two IRAs as one, so to speak, creating a “SEPP IRA Universe” to determine your annual distribution amount. After that, there is no reason to need to “journal” anything from one IRA to another; instead, simply take the correct annual (or monthly) distribution amount from either IRA in whatever proportion suits your needs.
TheBadger
wjstecker@wispertel.net

2002-11-04 10:33, By: TheBadger, IP: [127.0.0.1]

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