2 QCD questions

Submitted by Jason Frank on Thu, 2013-03-21 13:10

I have two questions regarding Qualified Charitable Distributions:

First off, is only the RMD amount allowed to be transferred to a charity, or can more than the RMD amount be transferred?

Also, can an owner of a beneficiary IRA make a QCD if they are under age 70.5?

Thank you!

Permalink Submitted by mk foss on Thu, 2013-03-21 16:24

You can transfer up to $100K to charity even if it exceeds your RMD.A beneficiary can only use the QCD provisions if he/she is over 70.5.

Permalink Submitted by Jason Frank on Fri, 2013-03-22 14:51

Thank you for your help!