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Jaden (single) has a traditional IRA to which he has made only deductible contributions. At the end of 2023, Jaden is 74 years old. Jaden's
Jaden (single) has a traditional IRA to which he has made only deductible contributions. At the end of 2023, Jaden is 74 years old. Jaden's required minimum distribution (RMD) from his IRA for 2023 is $5,000. Before considering the RMD, Jaden's AGI is $100,000. Jaden does not itemize deductions.
b. What is Jaden's AGI if Jaden directs the IRA trustee to transfer the $5,000 distribution directly to a qualifying charity as a qualified charitable donation (QCD)?
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