Originally Posted by LOL!
I think I got it. How about: If you want the QCD to double as the RMD or count towards the RMD, then it has to be the first withdrawal. ?
Almost.........but please double check . Again, that's what I first thought but
my impression now is that........maybe an example is simpler to explain.
Suppose RMD is 10K. I want to do a 6 K QCD.
1) I can take that 6K first and then a 4K distribution to me.
2)Or a I take a 4K distribution to me and then the 6K QCD
3)Or a 2K distribution to me, then the 6K QCD, then another 2K distribution to me.etc
In all cases, the 6K QCD is contained within the 10K RMD so I only take out 10K.
I could also be absent-minded and take the 10K RMD first, then remember the 6K QCD later but in this case, I will have taken 16K out which is less optimal.
The QCD still counts..........that is, it is not reflected in your AGI and does not get deducted.
An interesting tidbit I learned about QCD.......if you have basis in your IRA from non-deductible contributions................when you do a QCD, it skims all of that from deductible contributions which would eventually be taxed so you don't waste any non-taxable basis on the QCD.
The only important things here seem to be the age 70.5min. and the 100K QCD max.
Don't see anything about timing being first distribution,etc.