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Qualified Charitable Distributions from IRAs

Question: 
Can my 70 ½ customer contribute the required minimum distribution to charity?
Answer: 

Yes, the bank writes the check to charity and the customer puts “QCD” on the tax return in the IRA distribution line. The customer does not claim as income.
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Learn more about Deborah Crawford’s webinar
IRA Update and Review

First published on 12/23/2018

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