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Jaden (single) has a traditional IRA to which he has made only deductible contributions. At the end of 2022 , Jaden is 74 years old.
Jaden (single) has a traditional IRA to which he has made only deductible contributions. At the end of 2022 , Jaden is 74 years old. Jaden's required minimum distribution (RMD) from his IRA for 2022 is $9,400. Before considering the RMD, Jaden's AGI is $144,000. Jaden does not itemize deductions. Required: a. What is Jaden's AGl if Jaden receives the RMD and donates the $9,400 distribution proceeds to a qualifying charity? b. What is Jaden's AGI if Jaden directs the IRA trustee to transfer the $9,400 distribution directly to a qualifying charity as a qualified charitable donation (QCD)? c. True or False. Based on the information provided, Jaden's taxable income is the same whether he makes a QCD or not. Explain. Complete this question by entering your answers in the tabs below. What is Jaden's AGI if Jaden receives the RMD and donates the $9,400 distribution proceeds to a qualifying charity
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