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    RE: QCDs

    Posted in: All member Forum

    Yes that is correct. QCD's allow the distribution to be excluded from gross income, and then there is no corresponding charitable deduction. However, reducing the Adjusted Gross Income is desireeable because a number of items are AGI driven like taxable ...

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    RE: QCDs

    Posted in: All member Forum

    QCDs are separate from RMDs, and the SECURE Act actually "broke" the age rules that used to be the same.  So you can make a QCD at age 70 1/2, but RMDs are delayed to age 72. As such, it's not surprising the CARES Act didn't touch the QCD rules--you ...

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    QCDs

    Posted in: All member Forum

    Now that MRDs are not required for 2020, is it still possible to make QCDs? If so then they will be excluded from Gross Income for tax purposes and it will still be advantageous for tax purposes to use them vs making regular charitable contributions and ...

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