QCD
Can a QCD only be done from an IRA?
I have a client with a 403(b) who would like to use this option.
Researching this, I am getting conflicting information.
Can a QCD only be done from an IRA?
I have a client with a 403(b) who would like to use this option.
Researching this, I am getting conflicting information.
Permalink Submitted by Alan - IRA critic on Mon, 2024-07-08 15:56
A QCD can only be done from an IRA so client would have to roll over all or part of the 403b to an IRA and then take the QCD from the IRA. But this will only reduce taxable RMDs starting in the year after the rollover.