No. Here are the rule for for a Qualified Charitable Donation. See the last bullet point. A direct transfer of funds from your IRA custodian, payable to a qualified charity is referred to as a Qualified Charitable Distribution (QCD). QCDs can be counted toward satisfying your required minimum distributions (RMDs) for the year, as long as certain rules are met. While the QCD amount is not taxed, you may not then claim the distribution as a charitable tax deduction.Here are the requirements for making QCDs:You must be 70½ or older to be eligible to make a QCD.QCDs are limited to the amount that would otherwise be taxed as ordinary income. This excludes non-deductible contributions.The maximum annual amount that can qualify for a QCD is $100,000. This applies to the sum of QCDs made to one or more charities in a calendar year. (If, however, you file taxes jointly, your spouse can also make a QCD from his or her own IRA within the same tax year for up to $100,000.)For a QCD to count towards your current year's RMD, the funds must come out of your IRA by your RMD deadline, generally December 31.Any amount donated above your RMD does not count toward satisfying a future year's RMD.Funds distributed directly to you, the IRA owner, and which you then give to charity do not qualify as a QCD.A check made payable to you and endorsed to your church is not a direct transfer of funds. You can take the check back to your IRA custodian (if it has been less than 60 days) and re-deposit and then have the RMD directly transferred to the Church.

Question

If I endorse a RMD check to me and then write "pay only to" (and name my church)" and take it to my church for their deposit, can it count as a QCD?

Forum|Forum|7 years ago
June 6, 2019
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DavidD66

No. Here are the rule for for a Qualified Charitable Donation. See the last bullet point.

A direct transfer of funds from your IRA custodian, payable to a qualified charity is referred to as a Qualified Charitable Distribution (QCD). QCDs can be counted toward satisfying your required minimum distributions (RMDs) for the year, as long as certain rules are met. While the QCD amount is not taxed, you may not then claim the distribution as a charitable tax deduction.

Here are the requirements for making QCDs:

You must be 70½ or older to be eligible to make a QCD.
QCDs are limited to the amount that would otherwise be taxed as ordinary income. This excludes non-deductible contributions.
The maximum annual amount that can qualify for a QCD is $100,000. This applies to the sum of QCDs made to one or more charities in a calendar year. (If, however, you file taxes jointly, your spouse can also make a QCD from his or her own IRA within the same tax year for up to $100,000.)
For a QCD to count towards your current year's RMD, the funds must come out of your IRA by your RMD deadline, generally December 31.
Any amount donated above your RMD does not count toward satisfying a future year's RMD.
Funds distributed directly to you, the IRA owner, and which you then give to charity do not qualify as a QCD.

A check made payable to you and endorsed to your church is not a direct transfer of funds. You can take the check back to your IRA custodian (if it has been less than 60 days) and re-deposit and then have the RMD directly transferred to the Church.

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macuser_22

Employee

You *cannot* take the check back and re-deposit unless the entire 2019 RMD has already been taken and the check for for an amount that exceeded the total 2019 RMD because no part of a RMD is eligible for rollover.

I say 2019, since if a 2018 check it is already more then 60 days even if the rollover was not part of the 2018 RMD.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**