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FAQ 17.1 2005 Tax Year

Individual Retirement Arrangements (IRAs):
Distributions, Early Withdrawals, 10% Additional Tax

This is archived information that pertains only to the 2005 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

How do I calculate the minimum amount that must be withdrawn from my IRA after age 70 1/2?

You will need to refer to chapter 1 of Publication 590, Individual Retirement Arrangements (IRAs) to find out this amount. Generally the minimum distribution is computed using one of three tables found in Publication 590. Table I is used by beneficiaries. Table II is for use by owners who have spouses who are more than 10 years younger. Table III is generally for use by unmarried owners and owners who have spouses who are not more than 10 years younger.


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