I'm unclear as to the lock-in date for require minimum distribution for traditional IRAs.
In calculating how much I must withdraw this year, do I use the value of my IRA as of Jan. 1?
If not, what date?
- posted
15 years ago
Required distribution query ? ? ?
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- posted
15 years ago
Well, to be specific, it's Dec 31, 2007 which works out to the same thing as Jan 1 is always a holiday. Since statements are cut at month's end it's that Dec statement ending balance that you use. (note - if any 60 day loan was outstanding, and does not appear on that statement it has to be added back in)
Joe
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