For years prior to Rev. Rul. 2002-62, Private Letter Rulings (among them: 9531039, 9010075, and 9241063) illustrate an annual recalculation of distributions for the annuity factor and amortization methods. To see these calculations (which only apply to years prior to 2003), select “Ltr Ruling” as the Calculation Method on the Pre-59½ Distributions window.
Revenue Ruling 2002-62 appeared to eliminate this recalculation option, but later private letter rulings (200432021, 200432023, 200432024) illustrated the same type of yearly recalculation. To see these calculations (which only apply to years after 2003), select “Ltr Ruling” as the Calculation Method on the Pre-59½ Distributions window.
Whenever you use a methodology from a Private Letter Ruling, the program will include disclaimer language on the reports.
