RE: Qualified Charitable Distributions and RMD’s.
RE: Qualified Charitable Distributions and RMD’s.
A provision of ATRA (in the past couple of years) permitted clients to make cash based charitable donations from IRA’s, thus qualifying for the QCD.
Since the provision in ATRA expired at the end of 2013 do you know if congress has extended it yet or if this is part of the recent spending bill that just passed congress?
Terry Nelson
(651) 638-9428
Permalink Submitted by Alan - IRA critic on Fri, 2014-01-17 17:32
Not part of spending bill, so all extenders are again in limbo. Looks like you will have to wait until very late in the year to determine if any of these will be extended for 2014, including the QCD. If you want to keep your option open for using a QCD to cover your RMD, that means you cannot take a distribution before doing your QCD.