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What is a qualified charitable distribution from an IRA?

April 26, 2017charitable distribution IRA qualified

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What is a qualified charitable distribution from an IRA?

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• by an individual age 70½ or over • paid directly from the individual’s traditional or Roth IRA • to a qualified charity in 2010 or 2011. An individual does not include the amount of the qualified charitable distribution, up to $100,000, in gross income for the year for which it is made.