Secure Act, QCDs and TIRA Contributions
Thanks for all the information on the new SECURE ACT. Two (2) questions have come up.
1. Taxpayer can do QCDs from an Inherited IRA Account if 70 1/2 and older.
Can taxpayer make a deductible IRA contribution to their own TIRA with no effect to the QCD amount?
2. Cumulative deductible IRA contributions reduce any QCD amount from a taxpayer’s TIRA.
Any consequence if QCDs are done for a number of years and then deductible IRA contributions made?
Permalink Submitted by David Mertz on Mon, 2020-01-20 21:05
Permalink Submitted by Alan - IRA critic on Mon, 2020-01-20 23:03
Permalink Submitted by Brian Devers on Tue, 2020-01-21 02:10
Thanks much; still working our way through potential issues.