Charitable contributions from an inherited IRA
- My client just inherited an IRA from my deceased mother of around $ 30 ,000.
- Because his mother did not take her RMD for this year, his RMD for 2024 will be $5,070. He wants to have the entire $30,000 paid directly to various Charites. His mothers broker advised him that the RMD and or the entire account cannot paid directly to a charity but can only be paid to him directly. Please advise
Permalink Submitted by Alan - IRA critic on Fri, 2024-10-25 13:32
The beneficiary must be 70.5 before a QCD can be distributed, but if 70.5 a QCD can be done from an inherited IRA.