QCD after 70 1/2 but before RMD age of 72
Can a person over age 70 1/2 but not yet age 72 (RMD age) make a qualified charitable contribution and deduct it
from their AGi ?
Can a person over age 70 1/2 but not yet age 72 (RMD age) make a qualified charitable contribution and deduct it
from their AGi ?
Permalink Submitted by Alan - IRA critic on Thu, 2020-01-30 22:14
Yes, QCDs can still be done at 70.5. The QCD distribution does not count in AGI.