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Retirement tax questions
If you are cashing out your IRA and writing checks to charities, this is not a QCD. This is a Schedule A donation.
A QCD is a direct transfer of funds from your IRA custodian, payable to a qualified charity. QCDs can be counted toward satisfying your minimum required distributions (MRDs) for the year, as long as certain rules are met.
‎February 22, 2022
9:10 AM