an individual has a profit sharing plan and a money purchase plan with the same employment. can the RMD be done with one check from one of the accountings by combining the year end balance of both accounts?
- posted
11 years ago
an individual has a profit sharing plan and a money purchase plan with the same employment. can the RMD be done with one check from one of the accountings by combining the year end balance of both accounts?
You are required to calculate the MRD for each qualified plan and then take that MRD from each plan. There are two possible ways to get around this:
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