Discussion:RMD waived for 2009

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Discussion Forum Index --> Advanced Tax Questions --> RMD waived for 2009
Discussion Forum Index --> Tax Questions --> RMD waived for 2009

PBinNJ (talk|edits) said:

1 October 2009
I've done the research and I'm pretty sure I know the answer but I'd sure like some reassurance. Client reaches 70 1/2 in 2009. Since the RMD has been waived for 2009, I believe she doesn't have to take it until 2010 and only has to take one RMD in 2010. Thanks.

KathiJud (talk|edits) said:

2 October 2009
My RIA research agrees. The RMD for 2009 is waived and could have been taken as late as 4-1-2010 under the prior rule.

Now your client only has to take one RMD by 12-31-2010 based on asset values as of 12-31-2009.

PBinNJ (talk|edits) said:

2 October 2009
Kathi - Thanks for the confirm. Working alone I find this forum invaluable. Paul

KathiJud (talk|edits) said:

2 October 2009
You and me both Paul. I work alone as well.

Nshnider (talk|edits) said:

23 November 2009
has ther been a waiver for 2010?

Cotopop (talk|edits) said:

24 November 2009
There has been no announcement of a waiver for year 2010 .INMHO very unlikely because of the big deficets anticipated .

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