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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 118611  
Subject: Re: charitable contribution from IRA Date: 11/21/2012 1:01 AM
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If I donate stock from my IRA to a charity, does that become a taxable event?

I assume you're talking about a qualified charitable distribution (QCD). Up to $100,000 sent directly from the IRA custodian to the charity is not included in your income but counts against your RMD. You cannot deduct it on Schedule A.

For more information see Pub 590 or talk to your custodian. This provision expires 12/31/2012. As of today.

Phil
Rule Your Retirement Home Fool
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