QCD Receipt Requirements
What are the minimum written receipt requirements that a charity must send to a contributor of a QCD?
Are they the same as the IRA requirements?
What are the minimum written receipt requirements that a charity must send to a contributor of a QCD?
Are they the same as the IRA requirements?
Permalink Submitted by Alan - IRA critic on Thu, 2023-04-06 00:02
They are identical to the written acknowledgement requirements for a taxable donation, including the statement that the taxpayer received no benefit in return for the donation. Therefore, the charity should not care whether the donation came via a QCD or a donation from the taxpayer’s checking account.