RMDs and NUA
Client separated from service in 2008.
No intervening distributions.
Becomes 70.5 in 2017.
100k cost on 500k stock value———IRA valued at 2 Million.
Client is essentially looking to preserve NUA….
If he took his RMD in 2016, it seems the NUA covers the RMD.
If he takes his RMD in 2017(two actually) it would seem again the RMD is covered by the NUA distribution.
Client seems to want to keep NUA in perpetuity, at a time and place of his choosing…..
In the two above examples, he seems to be on terra firma.
Is there an area of the tax code where this is spelled out, or or there any PLRs that may address this?
Thank you very much.
Warren
Permalink Submitted by Alan - IRA critic on Mon, 2015-10-12 22:38