As you read this in early February, your clients are receiving their annual 1099-R forms that report distributions taken in 2020 from their IRAs and other retirement accounts. Once they look the forms ...
Q. We don’t need all the cash we get from our Required Minimum Distributions so we are interested in these charitable donations from an IRA I’ve been reading about to reduce the taxes on the RMD.
[Question]I am 75 years old and had to take $6,300 in required minimum distributions from my IRA in 2018. In October, I asked my IRA administrator to send $5,000 to a local education foundation (as a ...
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