Publication 590
taxmap/pubs/p590-010.htm#en_us_publink1000230720You cannot keep funds in a traditional IRA indefinitely. Eventually
they must be distributed. If there are no distributions, or if the distributions
are not large enough, you may have to pay a 50% excise tax on the amount not
distributed as required. See
Excess Accumulations (Insufficient Distributions), later under
What Acts Result in Penalties or Additional Taxes.
The requirements for distributing IRA funds differ, depending on whether you are
the IRA owner or the beneficiary of a decedent's IRA.
The amount that must be distributed each year is referred to
as the required minimum distribution.
taxmap/pubs/p590-010.htm#en_us_publink1000230723Amounts that must be distributed (required minimum distributions)
during a particular year are not eligible for rollover treatment.
taxmap/pubs/p590-010.htm#en_us_publink1000230725If you are the owner of a traditional IRA, you must generally
start receiving distributions from your IRA by April 1 of the year following the
year in which you reach age 701/2. April 1 of the year following the year in which you reach
age 701/2 is referred to as the required beginning date.
taxmap/pubs/p590-010.htm#en_us_publink1000230726You must receive at least a minimum amount for each year starting
with the year you reach age 701/2 (your 701/2 year). If you do not (or did not) receive that minimum amount
in your 701/2 year, then you must receive distributions for your 701/2 year by April 1 of the next year.
If an IRA owner dies after reaching age 701/2, but before April 1 of the next year, no minimum distribution
is required because death occurred before the required beginning date.
If you reach age 701/2
in 2009, you are not required to receive your first distribution by April, 2010
due to the special waiver for 2009. Your first distribution, however, must be
made for 2010 by December 31, 2010.
 | Even if you begin receiving distributions before you reach
age 701/2, you must begin calculating and receiving required minimum
distributions by your required beginning date. |
taxmap/pubs/p590-010.htm#en_us_publink1000230728If, in any year, you receive more than the required minimum distribution
for that year, you will not receive credit for the additional amount when
determining the minimum required distributions for future years. This does not
mean that you do not reduce your IRA account balance. It means that if you
receive more than your required minimum distribution in one year, you cannot
treat the excess (the amount that is more than the required minimum
distribution) as part of your required minimum distribution for any later year.
However, any amount distributed in your 701/2
year will be credited toward the amount that must be distributed by April 1 of
the following year.
taxmap/pubs/p590-010.htm#en_us_publink1000230729The required minimum distribution for any year after the year
you turn 701/2 must be made by December 31 of that later year.
taxmap/pubs/p590-010.htm#en_us_publink1000230730 You reach age 701/2
on August 20, 2010. For 2010, you must receive the required minimum distribution
from your IRA by April 1, 2011. You must receive the required minimum
distribution for 2011 by December 31, 2011.
|
If you do not receive your required minimum distribution for 2010 until 2011,
both your 2010 and your 2011 distributions will be included in income on your
2011 return. |
taxmap/pubs/p590-010.htm#en_us_publink1000230731taxmap/pubs/p590-010.htm#en_us_publink1000230733If your traditional IRA is an individual retirement annuity,
special rules apply to figuring the required minimum distribution. For more
information on rules for annuities, see Regulations section 1.401(a)(9)-6. These
regulations can be read in many libraries and IRS offices.
taxmap/pubs/p590-010.htm#en_us_publink1000230734For purposes of figuring your required minimum distribution,
your marital status is determined as of January 1 of each year. If your spouse
is a beneficiary of your IRA on January 1, he or she remains a beneficiary for
the entire year even if you get divorced or your spouse dies during the year.
For purposes of determining your distribution period, a change in beneficiary is
effective in the year following the year of death or divorce.
taxmap/pubs/p590-010.htm#en_us_publink1000230735If your spouse is the sole beneficiary of your IRA, and he or
she dies before you, your spouse will not fail to be your sole beneficiary for
the year that he or she died solely because someone other than your spouse is
named a beneficiary for the rest of that year. However, if you get divorced
during the year and change the beneficiary designation on the IRA during that
same year, your former spouse will not be treated as the sole beneficiary for
that year.
taxmap/pubs/p590-010.htm#en_us_publink1000230736Figure your required minimum distribution for each year by dividing
the IRA account balance (defined next) as of the close of business on December
31 of the preceding year by the applicable distribution period or life
expectancy. Tables showing distribution periods and life expectancies are found
in Appendix C and are discussed later.
taxmap/pubs/p590-010.htm#en_us_publink1000230737The IRA account balance is the amount in the IRA at the end of
the year preceding the year for which the required minimum distribution is being
figured.
taxmap/pubs/p590-010.htm#en_us_publink1000230738Contributions increase the account balance in the year they are
made. If a contribution for last year is not made until after December 31 of
last year, it increases the account balance for this year, but not for last
year. Disregard contributions made after December 31 of last year in determining
your required minimum distribution for this year.
taxmap/pubs/p590-010.htm#en_us_publink1000230739The IRA account balance is adjusted by outstanding rollovers
and recharacterizations of Roth IRA conversions that are not in any account at
the end of the preceding year.
For a rollover from a qualified plan or another IRA that was
not in any account at the end of the preceding year, increase the account
balance of the receiving IRA by the rollover amount valued as of the date of
receipt.
If a conversion contribution is contributed to a Roth IRA and
that amount (plus net income allocable to it) is transferred to another IRA in a
subsequent year as a recharacterized contribution, increase the account balance
of the receiving IRA by the recharacterized contribution (plus allocable net
income) for the year in which the conversion occurred.
taxmap/pubs/p590-010.htm#en_us_publink1000230740Distributions reduce the account balance in the year they are
made. A distribution for last year made after December 31 of last year reduces
the account balance for this year, but not for last year. Disregard
distributions made after December 31 of last year in determining your required
minimum distribution for this year.
taxmap/pubs/p590-010.htm#en_us_publink1000230741Laura was born on October 1, 1939. She reaches age 701/2
in 2010. Her required beginning date is April 1, 2011. As of December 31, 2009,
her IRA account balance was $26,500. No rollover or recharacterization amounts
were outstanding. Using Table III in Appendix C, the applicable distribution
period for someone her age (71) is 26.5 years. Her required minimum distribution
for 2010 is $1,000 ($26,500 ÷ 26.5). That amount is distributed to her on
April 1, 2011.
taxmap/pubs/p590-010.htm#en_us_publink1000230742Joe, born October 1, 1939, reached 701/2
in 2010. His wife (his beneficiary) turned 56 in September 2010. He must begin
receiving distributions by April 1, 2011. Joe's IRA account balance as of
December 31, 2009, is $30,100. Because Joe's wife is more than 10 years younger
than Joe and is the sole beneficiary of his IRA, Joe uses Table II in Appendix
C. Based on their ages at year end (December 31, 2010), the joint life
expectancy for Joe (age 71) and his wife (age 56) is 30.1 years. The required
minimum distribution for 2010, Joe's first distribution year, is $1,000 ($30,100
÷ 30.1). This amount is distributed to Joe on April 1, 2011.
taxmap/pubs/p590-010.htm#en_us_publink1000230743This is the maximum number of years over which you are allowed
to take distributions from the IRA. The period to use for 2010 is listed next to
your age as of your birthday in 2010 in Table III in Appendix C.
taxmap/pubs/p590-010.htm#en_us_publink1000230744If you must use Table I, your life expectancy for 2011 is listed
in the table next to your age as of your birthday in 2011. If you use Table II,
your life expectancy is listed where the row or column containing your age as of
your birthday in 2011 intersects with the row or column containing your spouse's
age as of his or her birthday in 2011. Both Table I and Table II are in Appendix
C.
taxmap/pubs/p590-010.htm#en_us_publink1000230745Required minimum distributions during your lifetime are based
on a distribution period that generally is determined using Table III (Uniform
Lifetime) in Appendix C. However, if the sole beneficiary of your IRA is your
spouse who is more than 10 years younger than you, see
Sole beneficiary spouse who is more than 10 years younger, below.
To figure the required minimum distribution for 2011, divide
your account balance at the end of 2010 by the distribution period from the
table. This is the distribution period listed next to your age (as of your
birthday in 2011) in Table III in Appendix C, unless the sole beneficiary of
your IRA is your spouse who is more than 10 years younger than you.
taxmap/pubs/p590-010.htm#en_us_publink1000230747You own a traditional IRA. Your account balance at the end of
2009 was $100,000. You are married and your spouse, who is the sole beneficiary
of your IRA, is 6 years younger than you. You turn 75 years old in 2010. You use
Table III. Your distribution period is 22.9. Your required minimum distribution
for 2010 would be $4,367 ($100,000 ÷ 22.9).
taxmap/pubs/p590-010.htm#en_us_publink1000230748If the sole beneficiary of your IRA is your spouse and your spouse
is more than 10 years younger than you, use the life expectancy from Table II
(Joint Life and Last Survivor Expectancy).
The life expectancy to use is the joint life and last survivor
expectancy listed where the row or column containing your age as of your
birthday in 2010 intersects with the row or column containing your spouse's age
as of his or her birthday in 2010.
You figure your required minimum distribution for 2010 by dividing
your account balance at the end of 2009 by the life expectancy from Table II
(Joint Life and Last Survivor Expectancy) in Appendix C.
taxmap/pubs/p590-010.htm#en_us_publink1000230749You own a traditional IRA. Your account balance at the end of
2009 was $100,000. You are married and your spouse, who is the sole beneficiary
of your IRA, is 11 years younger than you. You turn 75 in 2010 and your spouse
turns 64. You use Table II. Your joint life and last survivor expectancy is
23.6. Your required minimum distribution for 2010 would be $4,237 ($100,000
÷ 23.6).
taxmap/pubs/p590-010.htm#en_us_publink1000230750The required minimum distribution for the year of the owner's
death depends on whether the owner died before the required beginning date.
If the owner died on or after the required beginning date, the
required minimum distribution for the year of death generally is based on Table
III (Uniform Lifetime) in Appendix C. However, if the sole beneficiary of the
IRA is the owner's spouse who is more than 10 years younger than the owner, use
the life expectancy from Table II (Joint Life and Last Survivor Expectancy).
Note.You figure the required minimum distribution for the year in
which an IRA owner dies as if the owner lived for the entire year.
taxmap/pubs/p590-010.htm#en_us_publink1000230753The rules for determining required minimum distributions for
beneficiaries depend on whether the beneficiary is an individual. The rules for
individuals are explained below. If the owner's beneficiary is not an individual
(for example, if the beneficiary is the owner's estate), see
Beneficiary not an individual, later.
If you are a surviving spouse who is the sole beneficiary of
your deceased spouse's IRA, you may elect to be treated as the owner and not as
the beneficiary. If you elect to be treated as the owner, you determine the
required minimum distribution (if any) as if you were the owner beginning with
the year you elect or are deemed to be the owner. However, if you become the
owner in the year your deceased spouse died, you are not required to determine
the required minimum distribution for that year using your life; rather, you can
take the deceased owner's required minimum distribution for that year (to the
extent it was not already distributed to the owner before his or her death).
taxmap/pubs/p590-010.htm#en_us_publink1000230757A beneficiary who is an individual may be required to take the
entire account by the end of the fifth year following the year of the owner's
death. If this rule applies, no distribution is required for any year before
that fifth year.
taxmap/pubs/p590-010.htm#en_us_publink1000230758If the owner died on or after his or her required beginning date,
and you are the designated beneficiary, you generally must base required minimum
distributions for years after the year of the owner's death on the longer of:
- Your single life expectancy as shown on Table I, or
- The owner's life expectancy as determined under
Death on or after required beginning date, under
Beneficiary not an individual, later.
If the owner died before his or her required beginning date,
base required minimum distributions for years after the year of the owner's
death generally on your single life expectancy.
If the owner's beneficiary is not an individual (for example,
if the beneficiary is the owner's estate), see
Beneficiary not an individual, later.
Generally, the designated beneficiary is determined on September
30 of the calendar year following the calendar year of the IRA owner's death. In
order to be a designated beneficiary, an individual must be a beneficiary as of
the date of death. Any person who was a beneficiary on the date of the owner's
death, but is not a beneficiary on September 30 of the calendar year following
the calendar year of the owner's death (because, for example, he or she
disclaimed entitlement or received his or her entire benefit), will not be taken
into account in determining the designated beneficiary. An individual may be
designated as a beneficiary either by the terms of the plan or, if the plan
permits, by affirmative election by the employee specifying the beneficiary.
taxmap/pubs/p590-010.htm#en_us_publink1000230763If a person who is a beneficiary as of the owner's date of death
dies before September 30 of the year following the year of the owner's death
without disclaiming entitlement to benefits, that individual, rather than his or
her successor beneficiary, continues to be treated as a beneficiary for
determining the distribution period.
taxmap/pubs/p590-010.htm#en_us_publink1000230764If the designated beneficiary is the owner's surviving spouse,
and he or she dies before he or she was required to begin receiving
distributions, the surviving spouse will be treated as if he or she were the
owner of the IRA. However, this rule does not apply to the surviving spouse of a
surviving spouse.
taxmap/pubs/p590-010.htm#en_us_publink1000230765taxmap/pubs/p590-010.htm#en_us_publink1000230767How you figure the required minimum distribution depends on whether
the beneficiary is an individual or some other entity, such as a trust or
estate.
taxmap/pubs/p590-010.htm#en_us_publink1000230768If the beneficiary is an individual, to figure the required minimum
distribution for 2010, divide the account balance at the end of 2009 by the
appropriate life expectancy from Table I (Single Life Expectancy) in Appendix C.
Determine the appropriate life expectancy as follows.
- Spouse as sole designated beneficiary.
Use the life expectancy listed in the table next to the spouse's age (as of the
spouse's birthday in 2010). If the owner died before the year in which he or she
reached age 701/2, distributions to the spouse do not need to begin until the
year in which the owner would have reached age 701/2.
- Other designated beneficiary.
Use the life expectancy listed in the table next to the beneficiary's age as of
his or her birthday in the year following the year of the owner's death, reduced
by one for each year since the year following the owner's death.
Your father died in 2009. You are the designated beneficiary
of your father's traditional IRA. You are 53 years old in 2010. You use Table I
and see that your life expectancy in 2010 is 31.4. If the IRA was worth $100,000
at the end of 2009, your required minimum distribution for 2010 would be $3,185
($100,000 ÷ 31.4). If the value of the IRA at the end of 2010 was again
$100,000, your required minimum distribution for 2011 would be $3,289 ($100,000
÷ 30.4). Instead of taking yearly distributions, you could choose to take
the entire distribution in 2014 or earlier.
taxmap/pubs/p590-010.htm#en_us_publink1000230770If the beneficiary is not an individual, determine the required
minimum distribution for 2010 as follows.
- Death on or after required beginning date.
Divide the account balance at the end of 2010 by the appropriate life expectancy
from Table I (Single Life Expectancy) in Appendix C. Use the life expectancy
listed next to the owner's age as of his or her birthday in the year of death,
reduced by one for each year after the year of death.
- Death before required beginning date.
The entire account must be distributed by the end of the fifth year following
the year of the owner's death. No distribution is required for any year before
that fifth year.
The owner died in 2009 at the age of 80. The owner's traditional
IRA went to his estate. The account balance at the end of 2009 was $100,000. In
2010, the required minimum distribution would be $10,870 ($100,000 ÷ 9.2).
(The owner's life expectancy in the year of death, 10.2, reduced by one.) If the
owner had died in 2009 at the age of 70, the entire account would have to be
distributed by the end of 2014.
taxmap/pubs/p590-010.htm#en_us_publink1000230772There are three different life expectancy tables. The tables
are found in Appendix C of this publication. You use only one of them to
determine your required minimum distribution for each traditional IRA. Determine
which one to use as follows.
Reminder.In using the tables for lifetime distributions, marital status
is determined as of January 1 each year. Divorce or death after January 1 is
generally disregarded until the next year. However, if you divorce and change
the beneficiary designation in the same year, your former spouse cannot be
considered your sole beneficiary for that year.
taxmap/pubs/p590-010.htm#en_us_publink1000230775Use Table I for years after the year of the owner's death if
either of the following apply.
- You are an individual and a designated beneficiary, but not
both the owner's surviving spouse and sole designated beneficiary.
- You are not an individual and the owner died on or after the
required beginning date.
If you are the owner's surviving spouse and sole designated beneficiary,
and the owner had not reached age 701/2
when he or she died, and you do not elect to be treated as the owner of the IRA,
you do not have to take distributions (and use
Table I) until the year in which the owner would have reached age 701/2.
taxmap/pubs/p590-010.htm#en_us_publink1000230777Use Table II if you are the IRA owner and your spouse is both
your sole designated beneficiary and more than 10 years younger than you.
Note.Use this table in the year of the owner's death if the owner
died after the required beginning date and this is the table that would have
been used had he or she not died.
taxmap/pubs/p590-010.htm#en_us_publink1000230779Use Table III if you are the IRA owner and your spouse is not
both the sole designated beneficiary of your IRA and more than 10 years younger
than you.
Note.Use this table in the year of the owner's death if the owner
died after the required beginning date and this is the table that would have
been used had he or she not died.
taxmap/pubs/p590-010.htm#en_us_publink1000230781Do not use any of the tables if the designated beneficiary is
not an individual and the owner died before the required beginning date. In this
case, the entire distribution must be made by the end of the fifth year
following the year of the IRA owner's death.
This rule also applies if there is no designated beneficiary
named by September 30 of the year following the year of the IRA owner's death.
taxmap/pubs/p590-010.htm#en_us_publink1000230782If you are an individual, you can elect to take the entire account
by the end of the fifth year following the year of the owner's death. If you
make this election, do not use a table.
taxmap/pubs/p590-010.htm#en_us_publink1000230783The age or ages to use with each table are explained below.
taxmap/pubs/p590-010.htm#en_us_publink1000230784If you are a designated beneficiary figuring your first distribution,
use your age as of your birthday in the year distributions must begin. This is
usually the calendar year immediately following the calendar year of the owner's
death. After the first distribution year, reduce your life expectancy by one for
each subsequent year. If you are the owner's surviving spouse and the sole
designated beneficiary, this is generally the year in which the owner would have
reached age 701/2. After the first distribution year, use your age as of your
birthday in each subsequent year.
taxmap/pubs/p590-010.htm#en_us_publink1000230785You are the owner's designated beneficiary figuring your first
required minimum distribution. Distributions must begin in 2011. You became 57
years old in 2011. You use Table I. Your distribution period for 2012 is 26.9
(27.9 – 1) years. Your distribution period for 2013 is 25.9 (27.9 −
2).
taxmap/pubs/p590-010.htm#en_us_publink1000230786You are the owner's surviving spouse and the sole designated
beneficiary. The owner would have turned age 701/2
in 2010. Distributions begin in 2010. You become 69 years old in 2010. You use
Table 1. Your distribution period for 2010 is 17.8. For 2011, when you are 70
years old, your distribution period is 17.0. For 2012, when you are 71 years
old, your distribution period is 16.3.
taxmap/pubs/p590-010.htm#en_us_publink1000230787In some cases, you need to use the owner's life expectancy. You
need to use it when the owner dies on or after the required beginning date and
there is no designated beneficiary as of September 30 of the year following the
year of the owner's death. In this case, use the owner's life expectancy for his
or her age as of the owner's birthday in the year of death and reduce it by one
for each subsequent year.
taxmap/pubs/p590-010.htm#en_us_publink1000230788For your first distribution by the required beginning date, use
your age and the age of your designated beneficiary as of your birthdays in the
year you become age 701/2. Your combined life expectancy is at the intersection of your
ages.
If you are figuring your required minimum distribution for 2011,
use your ages as of your birthdays in 2011. For each subsequent year, use your
and your spouse's ages as of your birthdays in the subsequent year.
taxmap/pubs/p590-010.htm#en_us_publink1000230789For your first distribution by your required beginning date,
use your age as of your birthday in the year you become age 701/2.
If you are figuring your required minimum distribution for 2011,
use your age as of your birthday in 2011. For each subsequent year, use your age
as of your birthday in the subsequent year.
taxmap/pubs/p590-010.htm#en_us_publink1000230790The following rules may apply to you.
taxmap/pubs/p590-010.htm#en_us_publink1000230791The yearly required minimum distribution can be taken in a series
of installments (monthly, quarterly, etc.) as long as the total distributions
for the year are at least as much as the minimum required amount.
taxmap/pubs/p590-010.htm#en_us_publink1000230792If you have more than one traditional IRA, you must determine
a separate required minimum distribution for each IRA. However, you can total
these minimum amounts and take the total from any one or more of the IRAs.
taxmap/pubs/p590-010.htm#en_us_publink1000230793Sara, born August 1, 1939, became 701/2
on February 1, 2010. She has two traditional IRAs. She must begin receiving her
IRA distributions by April 1, 2011. On December 31, 2009, Sara's account balance
from IRA A was $10,000; her account balance from IRA B was $20,000. Sara's
brother, age 64 as of his birthday in 2010, is the beneficiary of IRA A. Her
husband, age 78 as of his birthday in 2010, is the beneficiary of IRA B.
Sara's required minimum distribution from IRA A is $377 ($10,000
÷ 26.5 (the distribution period for age 71 per Table III)). The amount of
the required minimum distribution from IRA B is $755 ($20,000 ÷ 26.5). The
amount that must be withdrawn by Sara from her IRA accounts by April 1, 2011, is
$1,132 ($377 + $755).
taxmap/pubs/p590-010.htm#en_us_publink1000230794If, in any year, you receive more than the required minimum amount
for that year, you will not receive credit for the additional amount when
determining the minimum required amounts for future years. This does not mean
that you do not reduce your IRA account balance. It means that if you receive
more than your required minimum distribution in one year, you cannot treat the
excess (the amount that is more than the required minimum distribution) as part
of your required minimum distribution for any later year. However, any amount
distributed in your 701/2
year will be credited toward the amount that must be distributed by April 1 of
the following year.
taxmap/pubs/p590-010.htm#en_us_publink1000248453Justin became 701/2
on December 15, 2010. Justin's IRA account balance on December 31, 2009, was
$38,400. He figured his required minimum distribution for 2010 was $1,401
($38,400 ÷ 27.4). By December 31, 2010, he had actually received
distributions totaling $3,600, $2,199 more than was required. Justin cannot use
that $2,199 to reduce the amount he is required to withdraw for 2011, but his
IRA account balance is reduced by the full $3,600 to figure his required minimum
distribution for 2011. Justin's reduced IRA account balance on December 31,
2010, was $34,800. Justin figured his required minimum distribution for 2011 is
$1,313 ($34,800 ÷ 26.5). During 2011, he must receive distributions of at
least that amount.
taxmap/pubs/p590-010.htm#en_us_publink1000230795If as of September 30 of the year following the year in which
the owner dies there is more than one beneficiary, the beneficiary with the
shortest life expectancy will be the designated beneficiary if both of the
following apply.
- All of the beneficiaries are individuals, and
- The account or benefit has not been divided into separate
accounts or shares for each beneficiary.
Separate accounts with separate beneficiaries can be set up at
any time, either before or after the owner's required beginning date. If
separate accounts with separate beneficiaries are set up, the separate accounts
are not combined for required minimum distribution purposes until the year after
the separate accounts are established, or if later, the date of death. As a
general rule, the required minimum distribution rules separately apply to each
account. However, the distribution period for an account is separately
determined (disregarding beneficiaries of the other account(s)) only if the
account was set up by the end of the year following the year of the owner's
death.
The separate account rules cannot be used by beneficiaries of
a trust.
taxmap/pubs/p590-010.htm#en_us_publink1000230797A trust cannot be a designated beneficiary even if it is a named
beneficiary. However, the beneficiaries of a trust will be treated as having
been designated as beneficiaries if all of the following are true.
- The trust is a valid trust under state law, or would be but
for the fact that there is no corpus.
- The trust is irrevocable or will, by its terms, become irrevocable
upon the death of the owner.
- The beneficiaries of the trust who are beneficiaries with
respect to the trust's interest in the owner's benefit are identifiable from the
trust instrument.
- The IRA trustee, custodian, or issuer has been provided with
either a copy of the trust instrument with the agreement that if the trust
instrument is amended, the administrator will be provided with a copy of the
amendment within a reasonable time, or all of the following.
- A list of all of the beneficiaries of the trust (including
contingent and remaindermen beneficiaries with a description of the conditions
on their entitlement).
- Certification that, to the best of the owner's knowledge,
the list is correct and complete and that the requirements of (1), (2), and (3)
above, are met.
- An agreement that, if the trust instrument is amended at
any time in the future, the owner will, within a reasonable time, provide to the
IRA trustee, custodian, or issuer corrected certifications to the extent that
the amendment changes any information previously certified.
- An agreement to provide a copy of the trust instrument to
the IRA trustee, custodian, or issuer upon demand.
The deadline for providing the beneficiary documentation to the
IRA trustee, custodian, or issuer is October 31 of the year following the year
of the owner's death.
If the beneficiary of the trust is another trust and the above
requirements for both trusts are met, the beneficiaries of the other trust will
be treated as having been designated as beneficiaries for purposes of
determining the distribution period.
The separate account rules cannot be used by beneficiaries of
a trust.
taxmap/pubs/p590-010.htm#en_us_publink1000230798Special rules apply if you receive distributions from your traditional
IRA as an annuity purchased from an insurance company. See Regulations sections
1.401(a)(9)-6 and 54.4974-2. These regulations can be found in many libraries
and IRS offices.
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