Reply To: Fund a VA NAP With A Qualified Charitable Distribution From an IRA?

Home Fairmark Forum Retirement Savings and Benefits Fund a VA NAP With A Qualified Charitable Distribution From an IRA? Reply To: Fund a VA NAP With A Qualified Charitable Distribution From an IRA?

#7768
ReachELS
Participant

Thank you Alan.

Not sure how I quoted my Google search to not find that link.

This is a classic illustration of “The Law of Unintended Consequences”. The high-tax state legislators create a silly scheme to circumvent the SALT limitation that they had to know would not fly. The IRS (naturally) issues new guidelines to thwart their efforts but, in doing so, impacts not only the frivolous SALT scheme but legitimate charitable programs as well.

These programs (NAP, Conservation Easements, etc) were caught in the crossfire…and will suffer as a result.

A pox on all their houses.