I arranged to withdraw $100,000 from my (owned) IRA and made it a direct donation to a charitable organization. (I don't believe RMD is an issue). Correct?

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I arranged to withdraw $100,000 from my (owned) IRA and made it a direct donation to a charitable organization. (I don't believe RMD is an issue). Correct?

A Qualified Charitable Distribution is made directly from your financial institution to a recognized charity and you are not taxed on that distribution. You also can’t deduct that amount as a charitable itemized deduction on your return. While the distribution counts to satisfy your RMD, there was no RMD in 2020.

I arranged to withdraw $100,000 from my (owned) IRA and made it a direct donation to a charitable organization. (I don't believe RMD is an issue). Correct?

But keep in mind that some states do not recognize QCD's, so you may owe state tax on the $100,000.

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I arranged to withdraw $100,000 from my (owned) IRA and made it a direct donation to a charitable organization. (I don't believe RMD is an issue). Correct?

I arranged to withdraw $100,000 from my (owned) IRA and made it a direct donation to a charitable organization. (I don't believe RMD is an issue). Correct?

I arranged to withdraw $100,000 from my (owned) IRA and made it a direct donation to a charitable organization. (I don't believe RMD is an issue). Correct?

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I arranged to withdraw $100,000 from my (owned) IRA and made it a direct donation to a charitable organization. (I don't believe RMD is an issue). Correct?

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I arranged to withdraw $100,000 from my (owned) IRA and made it a direct donation to a charitable organization. (I don't believe RMD is an issue). Correct?

I arranged to withdraw $100,000 from my (owned) IRA and made it a direct donation to a charitable organization. (I don't believe RMD is an issue). Correct?

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