QCD FROM IRA
This 2022 will band then QCD?e my first year to take RMD. If i want QCD for 100k do i need to take RMD first? If i want to take my RMD first one before april 2023 and have to take second before december 2023 can i take QCD FOR EACH IN 2023?
Permalink Submitted by Alan - IRA critic on Sun, 2022-01-02 16:36
You should be sure to complete all your QCDs (up to 100k max each year) before you complete your RMD for that year. If so, the QCD will make the QCD portion of your RMD non taxable. While your first RMD for 2022 can be deferred to 4/1/2023, if you do a QCD in 2022 it will be treated as part of your 2022 RMD, reducing the amount of your 2022 RMD deferred to 2023. Otherwise, if you choose to defer both your RMD and QCDs to 2023, you will have 2 RMDs to complete in 2023, but still would only be able to do a total of 100k of QCDs in 2023.