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using June””s balance for 2005 deduction

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Last Updated On
ByDon

L1: using June””s balance for 2005 deduction1. I plan on taking $20,189 in Novemebr using my June statement balance in my SEPP account. Is this ok? (the amount is from the calculator and accurate).
2. I want to take my 2006 full amount of $20,189 in April. Is this ok
2005 will be my first year of my SEPP2005-07-14 20:39, By: Don, IP: [69.251.152.161]

L2: using June””””s balance for 2005 deducMy understanding is that the IRS requires only that the ANNUAL AMOUNT be withdrawn each year. They are not concerned as to the frequency of the payments during the year.
Theoretically someone could take the 2005 amount in Dec. 2005, and the 2006 amount in Jan. 2006 (so long as they did not take any other withdrawals in either year).2005-07-14 21:00, By: dlztaxes, IP: [4.175.9.159]

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