qualified charitable distribution | Ed Slott and Company, LLC

qualified charitable distribution

Inherited IRAs and Real Estate in IRAs: Today's Slott Report Mailbag

Thursday, June 08, 2023
Question: I inherited an IRA from my brother back in 2019. I have been taking required distributions from it each year. Can I do a qualified charitable distribution from this inherited IRA this year to satisfy the required distribution requirements from this IRA?
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QUALIFIED CHARITABLE DISTRIBUTIONS AND SPOUSAL IRA CONTRIBUTIONS: TODAY’S SLOTT REPORT MAILBAG

Thursday, April 20, 2023
Question: Can I make a qualified charitable distribution (QCD) from my IRA to pay for my grandson’s summer church camp? Susan
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Qualified Charitable Distributions and Roth IRAs: Today's Slott Report Mailbag

Thursday, April 06, 2023
Question: I have been told that QCDs are not allowed from local and state government 457(b) plans. I have looked at the accountant’s IRS manual, websites etc. and I can’t find any information that prohibits QCDs from this type of plan. Can you shed some light on this?
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QCD Reporting and the Once-Per-Year Rollover Rule: Today’s Slott Report Mailbag

Thursday, February 16, 2023
Question: Hi, Thank you for all the helpful insight on retirement. I wish I heard about your website earlier. I turned 72 last year and followed your advice on QCDs (qualified charitable distributions) but don't know how to claim it. My RMD (required minimum distribution) was $50k in 2022. I did a QCD of $10k and then withdrew $40k by the end of 2022. My taxable amount should be $40k and not $50k as listed on the 1099-R. How do I reflect that in my tax filing? Thank you for your assistance.
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QCDs and 60-Day Rollovers: Today's Slott Report Mailbag

Thursday, January 12, 2023
Question: I am confused regarding the requirements for making a qualified charitable distribution. Is it necessary for the donation to be sent directly from the financial company to the charity, or can the check be made out to the charity but sent to me and then sent to the charity? Thank you, John
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Happy Holidays! Congress Gifts SECURE 2.0

Wednesday, December 28, 2022
This holiday season Congress has given us SECURE 2.0. With no time to spare to avoid a government shutdown, they passed the $1.7 billion Consolidated Appropriations Act of 2023 and sent it off the President for signature. Tucked inside the more than 4000 pages of legislation, you can find SECURE 2.0.
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4 IRA Tasks To Get Done By Year End 2022

Wednesday, December 14, 2022
The year 2022 is coming to a close. The holidays season is upon us. That means that the clock is ticking on year-end IRA deadlines. Be sure to get the following four IRA-related tasks done before we ring in the new year. Take an RMD from your retirement account. If you have a traditional IRA and you are age 73 or older you will need to take a 2022 required minimum distribution (RMD) by the end of the year. If you are 72 in 2022, you will have a little extra time to take your first RMD. Your deadline will be April 1, 2023.
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IRA Rules That We Give Thanks for in 2022

Wednesday, November 23, 2022
It is a Thanksgiving tradition here at the Slott Report to take a moment to give thanks for the IRA rules that are helpful to retirement savers. We know there are many times the rules governing retirement accounts can be tricky. They often seem illogical, confusing, and may be even unfair. However, there are others that work well and give us the tools we need to save for a secure retirement – and may be even get a few tax breaks along the way.
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IRA Transactions That Can Be Missed

Monday, November 07, 2022
Not every IRA transaction is easily identifiable. Some require a little legwork to reveal or report what occurred. Some transactions are not even labeled on official IRS tax forms and can go undetected. Here are three items that taxpayers and tax professionals alike can easily miss.
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IRS Regulations and QCDs: Today's Slott Report Mailbag

Thursday, September 29, 2022
Question: When will the IRS release final regulations for RMDs on beneficiary IRAs? Kim
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