Qualified Charitable Distributions from IRAs

Submitted by [email protected] on Wed, 2008-10-08 15:37

As part of the Emergency Economic Stabilization Act of 2008, taxpayers can now conitnue to make tax-free distributions from IRAs for charitable purposes through December 31, 2009.

Question: Would an IRA distribution to a Family Foundation qualify as a charitable distribution?

Thanks,

Doug



Submitted by Al Fry on Wed, 2008-10-08 17:39

No. It must be a charity described in IRC Sec. 170(b)(1)(A).



Submitted by [email protected] on Thu, 2008-10-09 13:23

I’ll research that section code. I appreciate your response.



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