QCD from inherited IRA

Submitted by James Magno on Wed, 2019-03-06 00:07

Can qualified charitable distributions be made out of an inherited IRA? I am stuck on the requirement that the distribution be made from an IRA “owned” by taxpayer;
Under § 408(d)(8), generally , if a distribution from an IRA owned by an individual after the individual has attained age 70 ½ is made directly by the trustee to certain organizations described in § 170(b)(1)(A), …. it is a QCD

Is an inherited IRA considered to be “owned by taxpayer”



Submitted by James Magno on Wed, 2019-03-06 00:13

See post earlier which suggests:I don’t see where 590 B mentions the word traditional with respect to QCD. A QCD can be done from any IRA other than an on going SEP or SIMPLE IRA. That includes a Roth IRA and inherited IRAs of any type.  That seems to answer my question but it makes me wonder why the term “IRS owner” was used

Submitted by David Mertz on Wed, 2019-03-06 01:18

  • § 408(d)(8)(B)(ii) indicates that a QCD is a distribution transferred to charity “which is made on or after the date that the individual for whose benefit the plan is maintained has attained age 70½.”  In the case of an inherited IRA, the one for whose benefit the plan is maintained is the beneficiary.
  • See IRS Notice 2007-7 Q&A-37:  https://www.irs.gov/pub/irs-drop/n-07-07.pdf

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