Tax Facts

3681 / What are the results if an IRA account owner depletes the IRA account through properly pre-determined substantially equal periodic payments?

Updated: December 09, 2024 at 05:34 AM
The penalty under IRC Section 72(t) will not be applied if, as a result of applying an acceptable method of determining substantially equal periodic payments, an individual depletes his or her account and is unable to complete the payouts for the required duration period under IRC Section 72(t)(4).1





1.   Rev. Rul. 2002-62, 2002-2 CB 710, §§ 2.03(a) and 3.

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