Here is what should be a fairly straight forward question, but the answer to which is not so obvious. And maybe that is why my tax accountant refuses to warrant any answer he provides.
I turned 70 1/2 in March 2015. According to IRS Pub 590-B, my RMD factor for 2015 was 26.50. I understand that, and made the appropriate withdrawals.
The question is whether the RMD factor for 2016 is 25.60 (as is shown in Table 3) for age 71 1/2 or 25.50, which might be implied by other text in IRS 590-B that suggests the initial factor minus
1.0.The minus 1.0 factor is clear for an inherited IRA that I have, but is not so obvious for a base IRA.
Regards, Dan