RMD/QCD Question
Hello,
I was wondering if anyone had some thoughts on the following scenario:
A 75 year old individual passed away earlier this year and had not yet satisfied his $2,300 RMD from a Traditional IRA. The surviving 65 year old spouse is listed as the sole beneficiary of his IRA.
Question:
The surviving spouse wants to send the full $2,300 RMD to a charity and claim it as a QCD on her tax return. However, she of course is not 70 ½ and would not generally qualify to request a QCD. Would she qualify to send this out as a QCD even though she is not 70 ½ seeing as though this is an required distribution she is taking on behalf of the deceased spouse who was over 70 ½? We are assuming she will be filing a joint tax return for 2024 as well.
Thank you.
Permalink Submitted by Alan - IRA critic on Tue, 2024-04-02 04:03
Great question, but even though she is responsible for completing the year of death RMD, being under 70.5 does not qualify her for a QCD.
Permalink Submitted by fairira on Tue, 2024-04-02 05:10
Alan,
A hearty welcome back!
You and your wise counsel have been sorely missed and the Discussion Forum has consisted of mostly unanswered posts during your absence, which hopefully was for a well-deserved vacation
Permalink Submitted by Alan - IRA critic on Tue, 2024-04-02 16:46
Thank you, fairIRA. Hopefully DMx will return as well.