QCD from an inherited IRA in trust ownership
Inherited IRA ownership is a look through trust with a sole beneficiary who is over 70.5. Could a distribution from the IRA to a charity be a QCD for the beneficiary of the trust?
Inherited IRA ownership is a look through trust with a sole beneficiary who is over 70.5. Could a distribution from the IRA to a charity be a QCD for the beneficiary of the trust?
Permalink Submitted by Alan - IRA critic on Thu, 2023-11-09 18:51
No, because a trust does not have an age and the qualified trust rules for calculating an RMD based on the age of the oldest trust beneficiary only apply for purposes of calculating the RMD per Sec 401(a)(9), and not for any other purposes, it appears that a QCD can only be done for distributions made directly to an individual.