Rmd for a beneficiary ira
Can a beneficiary of an beneficiary Ira send their yearly RMD direct to a charity or church and avoid the taxes on the distribution if the beneficiary is under the age of 70.5?
Can a beneficiary of an beneficiary Ira send their yearly RMD direct to a charity or church and avoid the taxes on the distribution if the beneficiary is under the age of 70.5?
Permalink Submitted by Alan - IRA critic on Thu, 2020-05-21 16:57
No. The minimum age for a QCD is 70.5 for both IRA owners and beneficiaries. For these purposes, it does not matter if the beneficiary is the designated beneficiary or a successor beneficiary.