Ira Charitable Gift Taxes

[ROSASTL]

What is the name of your state?What is the name of your state? Arizona

If an IRA names a Living Trust as the contingent beneficiary and the trust agreement clearly directs the sucessor trustee to make a charitable gift specifically from the IRA assets that have been transferred into the trust, are the assets atrributable to the IRA then subject to being taxed?

 

[abezon]

Yes. The distributions are taxable & a charitable deduction is claimed against all taxable income, lowering net taxable income.