QCD
Clients, husband and wife, were both planning to do $100000.00 QCDs each in 2022. One spouse passed away in May 2022. Is it possible to still do his $100k as he was alive in 2022?
Clients, husband and wife, were both planning to do $100000.00 QCDs each in 2022. One spouse passed away in May 2022. Is it possible to still do his $100k as he was alive in 2022?
Permalink Submitted by Alan - IRA critic on Tue, 2022-06-07 22:58
No, only the surviving spouse can donate via QCD. Deceased spouse would have had to distribute his 2022 QCD before passing. Surviving spouse can either make her QCD from the inherited IRA or from her own IRA. Either way the 1099R will show her SSN.
Permalink Submitted by Alan - IRA critic on Tue, 2022-06-07 22:58
No, only the surviving spouse can donate via QCD. Deceased spouse would have had to distribute his 2022 QCD before passing. Surviving spouse can either make her QCD from the inherited IRA or from her own IRA. Either way the 1099R will show her SSN.