Hello,
Since I only understand with an example, here is the hypothetical question.
The calculated RMD for the year is 40K. Before you take RMD, you give 20K via QCD to an authorized charity. Now the question is
Do I get taxed only on the 20 K that was not given OR am I going to get taxed upon the whole 40K, 20K that I kept as income plus the 20K that I gave as QCD?
I hope I am clear as the idea is to give to 50% RMD to charity and pay tax only on 20K
Dr Kausar Talat
