Charitable Gifts directly from an IRA

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Subject Author Date Charitable Gifts directly from an IRA Jim Chapman 09-27-2009  Re: Charitable Gifts directly from an IRA Arthur Kamlet 09-27-2009
Posted by Jim Chapman on September 27, 2009, 12:45 pm Please log in for more thread options Are we allowed to make gifts to charities directly from an IRA in 2009 like we could last year and avoid showing the amount of the gifts as income or deductions? I seemed to recall that law was for just a few years but maybe it was extended. -- Jim Chapman . -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Arthur Kamlet on September 27, 2009, 1:07 pm Please log in for more thread options > Are we allowed to make gifts to charities directly from an IRA in 2009 >like we could last year and avoid showing the amount of the gifts as income >or deductions? I seemed to recall that law was for just a few years but >maybe it was extended. Yes for 2009. Add the distribution amount to Form 1040 line 15a but not to 15b, and write QCD on line 15. -- ArtKamlet at a o l dot c o m Columbus OH K2PZH -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted tax question about gifts January 25, 2008, 5:43 pm Accounting gifts December 26, 2008, 12:57 pm Gifts as advance on inheritance February 2, 2007, 1:32 am Prizes and Business Gifts February 13, 2007, 2:08 am taxes on multiple gifts June 19, 2007, 9:31 pm Gifts to charity values January 25, 2008, 10:19 pm The perfect christmas gifts October 13, 2008, 11:48 am Gifts of Present Value/Crummey Letters November 4, 2006, 10:35 pm Gift tax returns on spouse gifts? March 13, 2008, 11:23 pm "gifts" (or not) and deductions from income for"support" (or not), etc ?? May 14, 2008, 1:37 pm