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Level 1
June 3, 2019
Question

Can a qcd be greater than the rmd

  • June 3, 2019
  • 6 replies
  • 41 views
I made an qcd this year which was less than my rmd  then I withdrew the rest for the rmd  Can I take any additional QCD?  I know I have to pay taxes on the second withdrawal

6 replies

Critter
Level 15
June 3, 2019

You can use a QCD to satisfy your RMD for the year. A QCD can exceed your RMD amount for the year as long as it does not exceed the $100,000 annual limit.

Alumni - Champ
June 3, 2019
Just keep in mind that most states do not recognize a QCD for state tax purposes, so you will owe state taxes on the  sum total of all the distributions.
Level 4
December 11, 2019

Does California recognized QCDs?