Permalink Submitted by Alan Spross on Wed, 2012-01-18 20:22
Tom is correct.
We are facing a repeat performance from 2010 when Congress waited until nearly year end to extend the provision retroactively to Jan, 2010. However, similar action will not help those that take out their RMD before being able to make a QCD, since they will not be able to return the RMD to the IRA.
Permalink Submitted by Alan Spross on Wed, 2012-01-18 20:22
Tom is correct.
We are facing a repeat performance from 2010 when Congress waited until nearly year end to extend the provision retroactively to Jan, 2010. However, similar action will not help those that take out their RMD before being able to make a QCD, since they will not be able to return the RMD to the IRA.