Are other retirement plans eligible for Qualified Charitable Distributions?
No. The exclusion applies to traditional or Roth IRAs only. Other types of retirement plans such as 401(k), 403(b) annuities, defined benefit and contribution plans, profit sharing plans, Keoghs and employer-sponsored SEPs and SIMPLE plans are NOT eligible. However, some of the non-eligible plans may afford the opportunity for rollover into an IRA, which would then be eligible for a QCD. You should visit with your plan administrator to explore this option.
Related Questions
- Is a corporation eligible to claim a dividends–received deduction with respect to qualified dividends reported in the Dividends and Distributions section of the Informational Tax Statement?
- Can a qualified charitable distribution satisfy any required minimum distributions (RMDs) I must take?
- Are partial distributions from a qualified Retirement Plan or like IRA eligible to be rolled over?
