Qualified Charitable Distribution
If a person contributes their RMD to their own Charitable Remainder Trust, is that considered a Qualified Charitable Distribution?
If a person contributes their RMD to their own Charitable Remainder Trust, is that considered a Qualified Charitable Distribution?
Permalink Submitted by Alan - IRA critic on Thu, 2021-07-22 18:58
No. A tax deduction is generated by contributions to a CRT, and such contributions cannot qualify as QCDs.