IRA Rollover
A term to know.
Otherwise known as a "qualified charitable distribution" under Section 408(d)(8)(B), this transaction involves transferring assets from the trustee of an IRA to a "qualified charity," which is a public charity (but not include a donor advised fund or a supporting organization). Under the ATRA, this amount is currently limited to $100,000. See Publication 590 at page 37 for more information.
Synonyms:
QCD, QCDs, qualified charitable distributions
Synonyms list
(a comma-separated list)
QCD, QCDs, qualified charitable distributions