Charitable RMD
If a client takes out their RMD at the beginning of the year and then later decided to take an additional RMD amount in that same year, yet paid directly to a charity. Would the second RMD still be non-taxable?
Thanks!
If a client takes out their RMD at the beginning of the year and then later decided to take an additional RMD amount in that same year, yet paid directly to a charity. Would the second RMD still be non-taxable?
Thanks!
Permalink Submitted by Alan - IRA critic on Wed, 2016-02-17 18:35
The second distribution would be non taxable if it was the remainder of the RMD or even if it was just an additional distribution. A QCD does not have to be part of the RMD.