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Subject:  IRA Transfer to a Gift Annuity Would Be Taxed Date:  6/28/2009  9:30 AM
Author:  JoshRandall Number:  106402 of 127747

There is one way, for this year only, to transfer assets to a charity from an IRA without being taxed. People over age 70½ can donate as much as $100,000 from their IRAs to charities through Dec. 31. The distributions are tax-free. In past years, they counted toward the required minimum distributions IRA owners in that age group had to take. With required withdrawals suspended this year, qualified charitable deductions are "just for people who want a tax-advantaged way to make a gift to charity from their IRA," Ms. Choate says.
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