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Subject:  Re: Charitable contribution of an IRA Date:  9/9/1999  6:54 PM
Author:  Bobbcat Number:  18778 of 128125

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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