QCD
Questions regarding QCD from an inherited IRA – from what I have found it seems to indicate if the beneficiary is over 70 1/2 they qualify for QCD. I have a circumstance where a conduit trust is the beneficiary and the beneficiary of that trust is over 70 1/2 and wanting the funds to go to charity – would this qualify for a QCD?
Permalink Submitted by Alan - IRA critic on Sat, 2016-12-31 04:09
A QCD requires the owner or beneficiary to be age 70.5 to make a QCD, and a trust does not have an age. I could not locate any IRS on point guidance on this question, but at this point I do not think looking through the trust for the youngest beneficiary to determine if that beneficiary has reached 70.5 has any merit.