What account balance to use???

L1: What account balance to use???I keep reading that I’m suppose to use the value of my IRA from Dec 31 of the previous year to calculate my 72t dist. When I talked to a specialist though they said if im using the amortization method I can use the balance as of the day I’m calclating the distribution. I need some clarity here so I don’t make a mistake. Thanks.2009-12-14 20:09, By: Bob, IP: [192.193.171.152]
L2: What account balance to use???You can pretty much use any account balance that is a reasonable representation of the value at the time of the calculation. The value on the date of the first distribution would work, but could cause some coordination problems – who ever is doing the first distribution will also have to do the calculations and you have to make sure that they are using the right assumptions.You would also want to get documentation of the account balanceon whatever date that you choose.2009-12-15 00:03, By: Gfw, IP: [216.80.125.206]