Quote:
Originally Posted by LuvtheVillages
When using a Qualified Charitable Distribution, the money goes directly to the charity AND counts as part of your Required Minimum Distribution. However, (here’s the important part) it is NOT included in your taxable income, like the RMD usually is.
No need to itemize to get the benefit.
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of the RMD.
Important to recognize the 1099-R is your total RMD including QCDs. The QCDs must be entered on a separate line to reduce the taxable amount
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Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. John Adams
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