9.7 Ira Distribution
| Library | A Lawyer's Guide to Estate Planning: Fundamentals for the Legal Practitioner (ABA) (2018 Ed.) |
9.7 IRA Distribution
An individual age 70-1/2 or older may distribute up to $100,000 tax free from his or her individual retirement accounts (IRAs) to 50% charitable organizations, except supporting organizations and donor advised funds.35 The gift is not subject to being reported for income tax purposes. The percentage limitations do not apply.
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Notes:
[35] . I.R.C. § 408 (d)(8).
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