Charitable donations from a Beneficiary IRA
Does the $100,000 charitable exclusion apply to Beneficiary IRAs? If the Beneficiary is under 70&1/2 can the Beneficiary give the whole IRA to a 501(c)(3) without taking a distribution, or must they make annual donations until it is gone?
Permalink Submitted by mk foss on Thu, 2013-08-01 16:57
An IRA beneficiary must be at least 70.5 in order to take advantage of the tax-free charitable distribution. As you suggest, the beneficiary can take RMDs annually and donate them to charity.