Not Your Typical December 31 Message
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Accordingly, an IRA owner who wants to use the IRA for charity but who already met RMD, may want to make the charitable distribution after December 31. This way the charitable distribution will certainly count toward RMD and reduce taxable income. The owner will then have the rest of the year to decide whether to take taxable distributions or make additional charitable distributions.
For more information contact Matthew Kaliff at firstname.lastname@example.org or 216-593-2831.