SEP Contribution and RMD
A person who turned 70.5 last year and had 1099 earned income made a SEP contribution in April of this year. Does he need to take out an RMD for that portion even though the contribution was made this year (zero balance as of 12/31/13)?
Permalink Submitted by Alan - IRA critic on Tue, 2014-11-04 16:30
No RMD required for last year due to no 12/31 balance last year.