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.
Subscribe to ACap Advisors & Accountants CZcams Channel:
/ acapam .
Schedule a Consultation:
www.acapam.com/contact/
12031 Ventura Blvd., Suite 1
Studio City, California 91604
[phone]
[e-mail]
Connect with ACap on social media:
Twitter: / acapam
Facebook: / acapadvisorsaccountants
LinkedIn: / acapadvisorsaccountants
Instagram: / acapadvisorsaccountants
Fiduciary Oath/Pledge
www.acapam.com/financial-advi...
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

[@ACapReCap]

ACap will not respond to comments seeking tax or financial advice. Please consult a CPA or CFP who is familiar with your individual circumstances.

[@tlr1604]

This was fantastic information-thank you

[@tlr1604]

thank you

[@SS-qr5qk]

Last example talking about basis in IRA and gains… why does the basis and gains matter in an IRA when all is income taxable? Missing something? Thanks