Qualified charitable distribution from ira
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New Member

Qualified charitable distribution from ira

Can I make several smaller qualified charitable distributions from my IRA RMD instead of just one?  Can I donate just some of my RMD?  Is there a minimum donation that can be made?  (I'm over 70-1/2.)
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Level 15

Qualified charitable distribution from ira

Yes, you can make multiple QCDs.  The sum of all of the QCDs during the year cannot exceed $100,000 and, if you have basis in nondeductible contributions in your IRAs, your QCDs cannot exceed the amount of your IRAs that would be taxable if all of your IRAs were fully distributed during the year.

Yes, you can contribute more or less than your RMD.

There is no minimum amount to be a QCD.

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New Member

Qualified charitable distribution from ira

 
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