QCDs
Can client count a December 2012 cash contribution (2012 RMD)as 2012 QCD.
Client took his RMD in December, 2012.
Transfered cash/made a charitable contribution in December, 2012.
As I understand the new law, if client had made the charitable/cash contribution by 01/31/2013, client could consider that cash contribution his 2012 QCD.
But he contributed the cash/RMD in December 2012, because he thought QCDs were not authorized for 2012
Permalink Submitted by Alan - IRA critic on Wed, 2013-01-23 17:12
He is able to claim the QCD. As long as he took the distribution after 11/30/2012 and paid a cash contribution to the charity after the distribution and prior to 2/1/2013, he can report the distribution as a QCD (to extent of the cash contribution) on his 2012 return.