2009 RMD suspension affect Single Life Table?
Does anyone know if the Single Life Table for inherited IRAs is impacted by the suspension of RMDs in 2009?
For instance, in 2008, the factor used was 14.4, so in 2009 it would have been 13.4.
BUT given there is no RMD in 2009, is 13.4 skipped over going to 12.4 in 2010?
Or do we use what would have been the 2009 factor in 2010.
Thanks!
REK
Permalink Submitted by Alan Spross on Mon, 2009-09-14 20:53
The table does not change.
In this case, the 13.4 never applies, so the 2010 divisor goes directly to 12.4. This makes sense, otherwise a taxpayer would have to always remember that the RMD was waived in some prior year.
For the 5 year rule, the year 2009 simply does not count. For those using this rule in 2009, their 5 year rule effectively becomes a 6 year rule.