Quincy, age 79, had a balance in his IRA account on December 31 of the prior year

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Quincy, age 79, had a balance in his IRA account on December 31 of the prior year of $400,000. What is his required minimum distribution (RMD)?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 11, 2024 02:56 AM

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Quincy, age 79, had a balance in his IRA account on December 31 of the prior year

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To determine Quincys required minimum distribution RMD we would need to divide the balance of h... View the full answer

Income Tax Fundamentals 2013

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