Hello! Client has made a QCD with stock (instead of cash) from Schwab IRA. (They didn’t ask me first)…

The Form 1099 from Schwab should include the value of this stock from the date of transfer, correct? Therefore I should reduce the taxable distribution by this value on the date of transfer from within Schwab…NOT the value when the charity received the stock, correct?

The charity receipt should only detail the name of the stock, number of shares and the date received. I believe this will not be an issue should the IRS question…

Just reaching out to make sure I am not missing anything…

Thanks! Dana