In early January 2019, I effected QCDs equal to approximately 60% of my RMD for this year. In mid-January 2019, I took a personal distribution from my IRA equal to approximately 4% of my RMD. Now, in late January, I wish to make an additional charitable distribution from my IRA equal to approximately 4% of my RMD.
I'm being told by my financial advisor that I cannot initiate an additional QCD that would reduce my AGI since I have already received a distribution for personal use. Is that correct -- i.e., can one not initiate a QCD that both applies to the RMD and reduces AGI after having begun to receive personal distributions from the IRA in a given year (even if the RMD amount is not exceeded)?
