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Well, sometimes we guess wrong and it seems I guessed wrong.

Q 1 of IRS Reg 1.401(a)(9)-5 includes the following statement. "However, the required minimum distribution amount will never exceed the entire account balance on the date of the distribution."

That seems pretty clear.

Now, if the TIRA owner had more than one TIRA, would this mean that the RMD of the Enron stock holding TIRA is met by simply distributing what is left and not being required to take the rest of the TIRA RMD out of the second TIRA? Using the IRS aggregation rules, although the owner has the choice of which TIRAs to take the RMD from, is he required to take the RMD from another TIRA in a case like this? I don't know, and this time, I'm not going to venture a guess.

BruceM
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