topic 2019 RMD was used as a charitable donation. in Deductions & credits

2019 RMD was used as a charitable donation.

Brewilli — Thu, 19 Mar 2020 21:41:24 GMT

My husband and I donated our RMD 2019 funds to our grandaughters college fund College Invest 529 Colorado. The forms let us indicate we used the funds as a charitable donation but did not ask where it was donated. Is that information needed?

Re: 2019 RMD was used as a charitable donation.

VictoriaD75 — Fri, 20 Mar 2020 01:14:33 GMT

Yes. When deducting charitable contributions, you must indicate the qualified organization that received the donation in order to take the deduction.

Charitable Contribution Deductions

Re: 2019 RMD was used as a charitable donation.

xmasbaby0 — Fri, 20 Mar 2020 02:09:11 GMT

Doubtful you will be able to convince the IRS that your granddaughter's college fund is a charity. Gifts to individuals are just that---gifts. They are not deductible.

Some states allow a state deduction for money you put into a 529 plan.

But entering the 529 contribution from your RMD as a charitable donation is really shaky.