RMD to charity after deceased
client passed away and has IRA
a. Can the heirs have the RMD for 2016 sent to a charity to reduce the estate taxes?
or
b. since the owner passed the above can not be done any longer?
thank you,
Douglas
client passed away and has IRA
a. Can the heirs have the RMD for 2016 sent to a charity to reduce the estate taxes?
or
b. since the owner passed the above can not be done any longer?
thank you,
Douglas
Permalink Submitted by Alan - IRA critic on Tue, 2016-06-28 17:10
A beneficiary who has reached 70.5 can do a QCD, but it will satisfy their own RMD or the RMD that the decedent did not complete. So b. is correct, as a post death QCD cannot be done for the owner or to reduce owners estate.