Badger
Thinks s/he gets paid by the post
- Joined
- Nov 2, 2008
- Messages
- 3,428
I have considered making a donation to a 501(c)(3) organization but confused from the instructions by the company holding my tIRA account.
I was told by the rep that I provide the name of the 501(c)(3) organization and the amount I am requesting. They would then send me a check that I would personally deliver to the 501(c)(3) organization.
I was under the impression that it would have to be sent by the company holding my tIRA and that if I received the check to be delivered then it would not be counted as a QCD.
I am also under the impression that a QCD would need to be taken before the RMD so they could recalculate my RMD to a lower amount.
I need some accurate information since I would need to make the QCD before June. Thanks
I was told by the rep that I provide the name of the 501(c)(3) organization and the amount I am requesting. They would then send me a check that I would personally deliver to the 501(c)(3) organization.
I was under the impression that it would have to be sent by the company holding my tIRA and that if I received the check to be delivered then it would not be counted as a QCD.
I am also under the impression that a QCD would need to be taken before the RMD so they could recalculate my RMD to a lower amount.
I need some accurate information since I would need to make the QCD before June. Thanks