Qualfied Charitable Distributions – Inherited IRA’s

Submitted by Steven Davis on Tue, 2015-09-08 21:01

We know that for 2015 the Qualified Charitable Distribution has NOT been renewed from it’s expiration of 12/31/2014……..

If this law gets EXTENDED, can INHERITED IRA’s that made direct payments to charities be included as QCD’s.



Submitted by Alan - IRA critic on Tue, 2015-09-08 22:29

Yes. Beneficiary must have attained 70.5 by the date of distribution. Per  IRS Notice 2007-7: 

Q-37. Is the exclusion for qualified charitable distributions available for distributions from an IRA maintained for a beneficiary if the beneficiary has attained age 70½ before the distribution is made? A-37. Yes. The exclusion from gross income for qualified charitable distributions is available for distributions from an IRA maintained for the benefit of a beneficiary after the death of the IRA owner if the beneficiary has attained age 70½ before the distribution is made.

Add new comment

Log in or register to post comments