Earl Posted March 30, 2018 Posted March 30, 2018 Sole Proprietor age 72 has $0 in account on 12/31/2017. Schedule C is prepared and he will now, 3/30/2018, make a $17,000 401k contribution. That will be the total contribution. Is that amount considered a plan asset on 12/31/17 causing an RMD requirement for 2018? (or can he just rollover the entire amount.) Thank you CBW
ESOP Guy Posted March 30, 2018 Posted March 30, 2018 See Q3 and its answer. https://www.law.cornell.edu/cfr/text/26/1.401(a)(9)-5
jpod Posted March 30, 2018 Posted March 30, 2018 Under these facts there will not be an MRD for 2018.
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