IRA BDA’s
I just wanted to confirm that like regular IRA’s, IRA BDA’s do not have to take the minimum distributions this year.
Thanks.
I just wanted to confirm that like regular IRA’s, IRA BDA’s do not have to take the minimum distributions this year.
Thanks.
Permalink Submitted by mk foss on Mon, 2009-12-07 22:59
No IRAs that normally would have a Required Minimum Distribution need take them in 2009. Beneficiary accounts have the same relief as owner accounts.
Individuals taking substantially equally periodic payment to avoid the Section 72t penalty must still take those payments. Such payments are not required minimum distributions.