Reply To: QCD as part of nonspousal inherited IRA distribution with estate tax deduction

Home Fairmark Forum Retirement Savings and Benefits QCD as part of nonspousal inherited IRA distribution with estate tax deduction Reply To: QCD as part of nonspousal inherited IRA distribution with estate tax deduction

#7984
wanttoknow
Participant

Ålan,

I don’t quite understand your sentence: “ . . .once the IRA is drained and you have not applied the balance of your IRD deduction due to QCDs, you will lose the remaining IRD deduction.”

Based on the following data, is the amount of “the remaining IRD deduction” which you say I will lose $9,292?

Present balance of IRD (estate tax) deduction: $41,806

2020 IRD deduction for 2020 distribution with no QCD: $23,228

Portion of $23,228 attributable to proposed 2020 QCD which is 40% of total distribution: $9,292.