Guest Ted Kowalchuk, CFP, CFS, Posted December 15, 2005 Posted December 15, 2005 A 78 y/o sold his interest in the company he still works at. He had been taking RMDs for the last several years. Is a 2005 RMD required for this employee?
Guest BobK Posted December 15, 2005 Posted December 15, 2005 Yes. 1.401(a)(9)-2, Q & A 2© If a person is considered a 5% owner in the year they turned 70 1/2, they are considered a 5% owner for future determinations. Hope this helps
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now