RMD under new Secure Act when distributions already started

Submitted by alberto vega on Wed, 2020-01-29 12:56

Married person 73 years old in April 2020 already started taking RMD at age 70.5 in 2017. In 2019 he arranged some
QCD (qualified charitable distribution) and the funds were sent directly by the IRA trustee to a church. Trustee sent $ 4,000 from $10,000 available from one traditional IRA first to a church and then he took $6,000 for him.
1. Under the new SECURE law in 2020 he still has to take RMD like before, or he has a new RMD factor for his age?
2. Under the new SECURE law do QCD’s have to be taken always first before he takes RMD for himself?
3. He received his FORM 1099 R for 2019 and the trustee for the IRA only showed his total RMD $ 10,000 in the form
How does he report in his 2019 tax return that he made a $ 4,000 QCD. What line numbers?



Submitted by Alan - IRA critic on Wed, 2020-01-29 13:57

  1. Under Secure, he still has to take 2020 RMD as before using the existing Uniform Table.
  2. Secure Act does not change the timing requirements for QCDs in an RMD year. Doing the QCDs first eliminates the chance of not being able to apply the total QCDs to the RMD. But in this case if the total RMD was 10,000 it would be OK to distribute 6000 to himself first and then to the 4000 QCD since there is still 4000 left of the RMD to which to apply the QCD.
  3.  10,000 is reported on line 4a and 6000 (taxable amount) on 4b. Enter “QCD” next to 4b.

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