2011 RMD from Dcs’d Spouse IRA
Husband passed away October 2011, wife is primary bene and wants to gift his 2011 RMD to a church. Does this qualify as a charitable distribution? At time of death he was 78 and spouse is 72.
Husband passed away October 2011, wife is primary bene and wants to gift his 2011 RMD to a church. Does this qualify as a charitable distribution? At time of death he was 78 and spouse is 72.
Permalink Submitted by Peter Lingane on Thu, 2011-12-15 16:46
Notice 2007-7, A-37, reads as follows: “Yes. The exclusion from gross income for qualified charitable distributions is available for distributions from an IRA maintained for the benefit of a beneficiary after the death of the IRA owner if the beneficiary has attained age 70½ before the distribution is made.”