Frank Duke Method for Lump Sum Distribution
This is a two part question: 1. What is the main differences between Frank Duke Method of lump sum distribution and plain old NUA? 2. How do you do a Frank Duke Distribution?
This is a two part question: 1. What is the main differences between Frank Duke Method of lump sum distribution and plain old NUA? 2. How do you do a Frank Duke Distribution?
Permalink Submitted by Alan - IRA critic on Thu, 2013-04-04 18:25
The main issue is whether the basis can be aggregated over all the shares or if it is confined to an amount per share that must stay attached to each share. Whether the original PLR would be found valid today is anyone’s guess. Here is a lengthy thread discussing this matter: https://irahelp.com/forum-post/17504-nua-lsd-401k