Recently read where an individual can make a charitablecontribution of an IRA and avoid taxation on distribution? Cannot find the article. Any helpwill be appreciated.
My understanding is that if you make the charity your beneficiary, there will be no taxes paid.Since the charity is tax-exempt, the beneficiary payment is therefore tax-exempt.As part of your estate planning you then leave the taxable assets to your other heirs who receive a stepped-up cost basis in those assets.It doesn't work for a gift during your lifetime. That would be considered a distribution to you made payable to the charitable organization.
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