Ceci becomes age 70 on June 22, Year 2, and retires at the end of Year 3.
Question:
Ceci becomes age 70 on June 22, Year 2, and retires at the end of Year 3. Her traditional IRA account balances for four years are shown below:
What are the deadlines and amounts associated with Ceci’s first three RMDs?
Transcribed Image Text:
Date Dec 31, Year 1 Dec. 31, Year 2 Dec. 31, Year 3 Dec. 31, Year 4 Account Balance $ 822,000 $ 888,600 $ 960,000 $1,037,400
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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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