Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 2
As already noted, the distribution must go directly from the IRA to the charity. It can’t go from the IRA to you and then to the charity.

Another error in the thread is the reporting. QCDs are reported on a 1099-R. On your return, you have to report the full distribution, then enter zero for the taxable amount (or report only the taxable portion if you also took taxable distributions).

Because of the way QCDs are reported, it would be best if the payment is actually withdrawn from the IRA before year end. If you have an IRA with check writing privileges, I would make sure the check arrives in plenty of time for the charity to deposit it before year end.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.