IRA Deduction and QCD
Hello-
QCDs can be limited by deductible IRA contributions made later in life. Can a wife make a deductible IRA contribution and a husband take a QCD without limiting the QCD?
Thank you!
Hello-
QCDs can be limited by deductible IRA contributions made later in life. Can a wife make a deductible IRA contribution and a husband take a QCD without limiting the QCD?
Thank you!
Permalink Submitted by Alan - IRA critic on Mon, 2024-04-29 21:55
Yes, the anti abuse rule applies separately to each spouse.