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Financial Planning / Tax Strategies
|Subject: Re: Qualified Charitable Distributions||Date: 1/3/2013 12:15 PM|
|Author: TMFPMarti||Number: 117273 of 121563|
I knew that provision was in there, but I wasn't sure how they were going to address RMDs that were already taken in 2012. What is the mechanism for availing oneself of the QCD? Can one just total all of the charitable contributions made on/after the date(s) of the RMDs up to January 31, 2013 and claim them as a QCD (not to exceed the total RMD)? Or is there something else?
The "do over" provision applies only to distributions in December 2012. The taxpayer could then elect to apply the provision to contributions made after the distribution and before 2/1/2013.
It's section 208 of the bill.
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