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Deductions & credits
Doubtful you will be able to convince the IRS that your granddaughter's college fund is a charity. Gifts to individuals are just that---gifts. They are not deductible.
Some states allow a state deduction for money you put into a 529 plan.
But entering the 529 contribution from your RMD as a charitable donation is really shaky.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
March 19, 2020
7:09 PM