Xxxxxx of 2020 RMD. In spite of the general rules described above, you are not required to take a life expectancy payment from your inherited Xxxx XXX for calendar year 2020. In addi- tion, if the five-year rule applies to your inherited Xxxx XXX, the five-year period is determined without regard to calendar year 2020. For example, if the original Xxxx XXX owner died in 2017, your five-year period will end in 2023 instead of 2022.
Appears in 3 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
Xxxxxx of 2020 RMD. In spite of the general rules described above, you are not required to take a life expectancy payment from your inherited Xxxx XXX for calendar year 2020. In addi- tionaddition, if the five-year five‐year rule applies to your inherited Xxxx XXX, the five-year five‐year period is determined without regard to calendar year 2020. For example, if the original Xxxx XXX owner died in 2017, your five-year five‐year period will end in 2023 instead of 2022.
Appears in 1 contract
Samples: Individual Retirement Custodial Account Adoption Agreement
