When making a QCD contribution from an RMD payment, can the contribution be in the form of stock, or does it have to be in the form of cash (check)?
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RMDs can be taken in stock, so probably, but the account holder can't take possession of the stock. The IRA has to transfer it directly to the charity."Taxation is the price we pay for failing to build a civilized society." ~ Mark Skousen -
"The IRA has to transfer it directly to the charity."
And who knows what the FMV will be on that date? It's a gamble, if trying to do precision tax planning.
"When making a QCD contribution from an RMD payment, can the contribution be in the form of stock, or does it have to be in the form of cash (check)?"
Would it make a difference?
"You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
"That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe HowardComment
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