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RMD Withdrawal
My IRA is with a large brokerage company. If I want to use my part of RMD for a contribution to a charity, do I take the cash and send it to the charity or does the brokerage company send it to the charity?
By doing this, I understand that I don't have to pay federal and state income taxes on the RMD amount that I donate to the charity. Is my understanding correct?
Thank you.
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‎August 8, 2024
4:38 PM