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In December 2019 Frank a single taxpayer reached age 70 1/2 On March 31,2020 he took a required minimum distribution from his traditional ira He
In December 2019 Frank a single taxpayer reached age 70 1/2 On March 31,2020 he took a required minimum distribution from his traditional ira He would like to make sure this distribution was done correctly The balance of Franks ira was $ 100,000 on December 31, 2018 The distribution period multiples, taken from the Table 3 in IRS Publication 590-B are 27.4 for a 70 year old taxpayer and 26.5 for a 71 year old taxpayer Franks required minimum distribution for 2019 is : A $ 0 B $3,650 C $3,712 D $3,774
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