Permalink Submitted by mk foss on Tue, 2014-02-04 18:13
Every year that this provision has expired Congress has re-enacted it at the last minute. I’m telling my clients to proceed as if it were going to be re-enacted. Have this year’s RMD go to charity, worst case is you’d report the income you’d report anyway and have a charitable deduction. Of course the QCD is preferable. It’s always been made retroactive when enacted again, so I’d go for it.
Permalink Submitted by mk foss on Tue, 2014-02-04 18:13
Every year that this provision has expired Congress has re-enacted it at the last minute. I’m telling my clients to proceed as if it were going to be re-enacted. Have this year’s RMD go to charity, worst case is you’d report the income you’d report anyway and have a charitable deduction. Of course the QCD is preferable. It’s always been made retroactive when enacted again, so I’d go for it.