RMD Calculation if IRA benefits a charity
If an individual names a charitable organization to receive 100% of his/her IRA upon death, which Distribution Table is used to calculate the owner’s RMD?
If an individual names a charitable organization to receive 100% of his/her IRA upon death, which Distribution Table is used to calculate the owner’s RMD?
Permalink Submitted by Alan - IRA critic on Thu, 2020-01-02 17:10
The Uniform Table is the only table applicable in this situation. Same answer if the charity will only receive a % of the account.
Permalink Submitted by Kirby Gould on Thu, 2020-01-02 18:06
Thank you!