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?? Question of the Month: How Do You Handle Qualified Charitable Distributions? Q: I received information that charitable deductions from required minimum distributions will not be taxable income in 2010 and 2011. Is this true? A: You are correct that qualified charitable distributions (QCDs) are back. It is now too late to do anything for 2010. For 2011 you can have up to $100,000 per person transferred directly from your IRA to a qualifying charity. You must be at least 70 ½ at the time of the transfer. All or part of the amount transferred can count as your 2011 required distribution. The amount transferred will not be included in income on your 2011 tax return. You also will not get a charitable deduction for the amount transferred. You cannot receive anything from the charity in return for the contribution and the charitable substantiation requirements will apply.
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