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Personal Finance and Investing

question everything

(50,468 posts) Sat Jan 22, 2022, 09:32 PM Jan 2022

Has anyone ever used part of RMD to donate to chrity (QCD)? [View all]

We did it last year the first time. Now we got our 1099 from Vanguard and it reports the whole amount withdrawn as taxable.

Is it the responsibility of the fiduciary to separate the two amounts?

I dread trying to call them this time of year.

Watch for Vanguard on the next post..

4 replies

= new reply since forum marked as read

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Has anyone ever used part of RMD to donate to chrity (QCD)? [View all] question everything Jan 2022 OP

I'm curious - what was the distribution code in box 7? progree Jan 2022 #1

Code on Box 7 is 7 which means normal distribution. Also the IRA box is checked question everything Jan 2022 #2

Thanks. I notice on my IRA Roth conversions, it has "7" in box 7. So there is hope progree Jan 2022 #3

Thanks. Just found this one on Vanguard question everything Jan 2022 #4

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