As part of the "fiscal cliff" legislation that was passed at the start of the year, congress extended the qualified charitable distribution option for 2012 and 2013. As the deadline for taking the 2012 mandatory distribution was over for all but those that chose to delay their very first mandatory distribution, an allowance is being made for those that took distributions in December to have the amount distributed transferred to a qualified charity of their choosing by February 1st. A second provision also allows a mandatory distribution taken in January of 2013 to be recharacterized as having been taken by the December 31st mandatory distribution deadline.
The IRS has yet to provide any guidance with regards to tax reporting.
Last edited by el guapo; 01/04/13 07:06 PM.