I am confused about the new rules for required minimum distribution. I already took my IRA contribution for 2009. Now what?
Ted
Ted, more new rules all the time… I wonder what a stethoscope would look like if they changed the medical rules as often as they change the tax laws. One day the heart would be in the foot. A couple of months later it would be in the shoulder.
Anyway, you can ‘undo’ your 2009 distribution. The 2008 pension law suspended required minimum distributions for 2009. If you have decided that you don’t need the money this year, you can roll back the distribution into your IRA. Your IRA provider should be knowledgeable about your options. Glad to help.
Larry Kopsa CPA
