Qualified plan rollover to Roth IRA in 2010 (*NOT a conversion question)

[Guest PiggyBank]

Question:

A participant who is over age 70-1/2 and currently taking the required minimum distributions from his qualified profit-sharing plan account each year rolled over everything from the qualified profit-sharing plan account to a Roth IRA in 2010. Must he still take his 2010 required minimum distribution?

[Guest Sieve]

Yes. An MRD must be taken for each distribution calendar year. Since part of calendar year 2010 passed before the rollover, an MRD must occur in 2010--in fact, the first $$ out are MRD, and cannot be rolled over.

[Guest PiggyBank]

Yes. An MRD must be taken for each distribution calendar year. Since part of calendar year 2010 passed before the rollover, an MRD must occur in 2010--in fact, the first $$ out are MRD, and cannot be rolled over.

Thanks, Larry!