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Retirement tax questions
According to Kiplinger Tax Advice, the prior answer is incorrect. Per Kiplinger: The first dollars out of an IRA are considered to be the RMD until that amount is met. If you want to do a QCD of $10,000 that will count toward a $20,000 RMD, be sure to make the QCD move before taking the full RMD out. See item 10 in following link: https://www.kiplinger.com/slideshow/retirement/t045-s004-9-smart-strategies-for-handling-rmds/index....
I have seen different answers to the original question so get your own tax advice from a professional tax advisor.
‎November 17, 2020
8:32 AM