RMD for Rolled over IRA?

Submitted by Randall Decker on Thu, 2010-10-21 19:14

A client, over age 71, had a Corp Pension Plan that required a minimum distribution in 1st quarter of 2010. After that RMD was made, the plan was dissolved, and all funds rolled over to an IRA. Is an RMD from the IRA also needed for 2010?



Submitted by Alan Spross on Thu, 2010-10-21 20:27

Only for any IRA balance that existed on 12/31/09. If this is first and only TIRA, then no further RMD needed this year.

Submitted by Randall Decker on Sun, 2010-10-24 20:01

Thanks, Alan. I appreciate your reply.

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