Substantial equal payments question

From: Gary Nye <gnye@rpa.net>
Subject: Substantial equal payments question
Date: Fri, 22 Aug 1997 22:38:51 -0400 (EDT)

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Dear Peresfiners,


I would like to start withdrawing a fixed amount of $ from my IRA's using
one of the substantial equal payments methods.  I have found that many of
the issuing funds families or brokerage houses don't know a lot about it.
The IRS is very picky about having it done the right way.

>From what I have found out they will issue the dollar amount that you
specify (assuming it is reasonable) - and it must be a fixed  dollar
amount withdrawn for at least 5 years - more if you are not 59 1/2 by the
last year.

My question is - what is the proper form that the IRS wants to see for this
transcaction so you won't have to pay a penalty?  Is ie a 1099R?

Has any one out there done this and have you had any problems with it?

Thanks 

Gary  gnye@rpa.net

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