QCDs in first year of RMD age
Regarding the “first money out” rule that the first funds distributed from an IRA in a calendar year when an RMD is due are considered the RMD. This issue came up recently in a post about Roth conversions. Question: What about QCDs? If age 72 is reached in July, would a QCD in the first 6 months of the year count toward that year’s RMD? Thanks.
Permalink Submitted by David Mertz on Sun, 2022-02-13 14:02
Yes, any distributions made during the year one reaches age 72 are RMD until the RMD for that IRA is satisfied, no matter when during the year the distribution occurs. Other than the different tax treatment, a QCD is no different than any other regular distribution.