Donate RMD to Charity: Qualified Charitable Distribution

Did you know that you could donate your required minimum distribution (RMD) to charity? It can be a great way of giving back! In this video, we'll cover:

0:00 Introduction
00:59 What is an RMD and how does it work?
01:20 What is an IRA?
01:46 What is the age for RMD?
02:27 What is a qualified charitable distribution and how to donate your RMD using QCD?
03:12 What’s the maximum I can do with a qualified charitable distribution?
03:23 Can I deduct qualified charitable distribution on Schedule A?
04:37 What are the limitations of doing a charitable distribution from my IRA?
05:13 Benefits of donating your IRA directly to the charity
06:08 Examples: Donating your IRA RMD directly to charity
08:10 What will happen if I have an IRA with basis and taxable amount?
09:29 Closing thoughts: Donating money to charity through IRA
09:50 Do Roth IRAs have RMD requirements?

ACap Advisors & Accountants is a financial advisor and CPA firm located in Los Angeles, California. We are a full service wealth management and CPA firm.

Schedule a Consultation:
https://www.acapam.com/contact/

12031 Ventura Blvd., Suite 1
Studio City, California 91604
(818) 272-8511
hello@acapam.com

Connect with ACap on social media:
Twitter: https://twitter.com/acapam
Facebook: https://www.facebook.com/ACapAdvisorsAccountants/
LinkedIn: https://www.linkedin.com/company/acapadvisorsaccountants/
Instagram: https://www.instagram.com/acapadvisorsaccountants/

Financial Advisor in Los Angeles, CA
CPA in Los Angeles, CA

#fiduciaryfinancialadvisor

DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS TAX, FINANCIAL, OR LEGAL ADVICE. EVERY PERSON’S SITUATION IS DIFFERENT AND YOU SHOULD CONSULT WITH YOUR OWN FINANCIAL AND TAX ADVISOR FOR ADVICE SPECIFIC TO YOUR SITUATION. COMMENTS ARE NOT REVIEWED