2021 was the first year after the 2019 SECURE Act passed, which required a minimum distribution for IRA owners who’ve reached age 72. 2020 was a reprieve for all on RMDs. Attached is a tax filing “Q&A” for IRA owners who made a qualified charitable distribution in 2021. If you find this helpful please feelContinue reading “Tax Filing Q&A for Donors Who Made a Qualified Charitable Distribution “QCD””
Tag Archives: charitable IRA rollover
Three critical tips for QCD Donors (and Accountants) to remember when filing their tax returns
As the number of gifts continues to increase from Qualified Charitable Distributions (QCDs) so are the notice of deficiency letters sent by the IRS. These notices do not mean the donor is going to lose the tax benefit of their QCD (especially when done correctly) however it’s reported to be a stressful distraction that noContinue reading “Three critical tips for QCD Donors (and Accountants) to remember when filing their tax returns”