Calculating a customer's IRA RMD

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Question:

We have a customer who made an IRA deposit for the previous year. When calculating her RMD, our system is including this deposit in her RMD amount even though it was not her ending balance as of December 31st. We don't believe this to be correct as everything we find says the RMD is based on the end-of-year balance. Are we correct or should we include the deposit she made after 12-31 in calculating her RMD amount?

Answer:

It is based on the actual balance on Dec 31st, regardless of any additional deposits that may be credited to a previous calendar year at a later date.