RMD with no previous year balance

[ratherbereading]

Participant (80 yo) took an RMD in 2022 and a total distribution in 2022.  His 2022 profit sharing deposit went in in August 2023. Now rolling that amount out of the plan.  No 2022 balance to calculate his 2023 RMD prior to the rollover. What's the procedure?   

TYIA! 

[Peter Gulia]

Might this speak to your question?

“The account balance is increased by the amount of any contributions or forfeitures allocated to the account balance as of dates in the valuation calendar year after the valuation date. For this purpose, contributions that are allocated to the account balance as of dates in the valuation calendar year after the valuation date, but that are not actually made during the valuation calendar year, are permitted to be excluded.”

26 C.F.R. § 1.401(a)(9)-5/Q&A-3(b) (emphasis added) https://www.ecfr.gov/current/title-26/chapter-I/subchapter-A/part-1/subject-group-ECFR6f8c3724b50e44d/section-1.401(a)(9)-5.