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lisaj
Level 3
January 31, 2021
Solved

Charitable Contributions of IRA Distributions

  • January 31, 2021
  • 5 replies
  • 28 views

THANKS - I GOT THE ANSWER AND WORKED IT OUT WITH THE CLIENT

This topic has been closed for replies.
Best answer by Just-Lisa-Now-

Are they allowed to do a QCD if they arent 70½ ?   

Or is it considered just a regular charitable contribution that you put on Sch A?

 

 

5 replies

Just-Lisa-Now-
Just-Lisa-Now-Intuit Community ChampionAnswer
Intuit Community Champion
January 31, 2021

Are they allowed to do a QCD if they arent 70½ ?   

Or is it considered just a regular charitable contribution that you put on Sch A?

 

 

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    L
    lisajAuthor
    Level 3
    January 31, 2021

    That is exactly what I thought and tried to explain to my client:-)

    Just-Lisa-Now-
    Just-Lisa-Now-Intuit Community Champion
    Intuit Community Champion
    January 31, 2021
    Im pretty sure it has to be an RMD, and if they havent reached 70½ (or 72 now since they raised the age) then its not an RMD.
    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
      T
      Terry53029Intuit Community Champion
      Intuit Community Champion
      January 31, 2021

      @lisaj just curious what code is in box 7

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