What’s a QCD? Qualified Charitable Distributions Explained I YMYW Podcast [Video]

Question: (Dan, Auburn, CA) IRS publication states “a QCD is a distribution made directly by a trustee of your IRA (other than an ongoing SEP or SIMPLE IRA) to a charitable organization.” Question – does that mean SEP and SIMPLE IRA’s don’t qualify? And/or – what is meant by “ONGOING”? My 1099-R distribution has the SEP/SIMPLE box checked but I have NOT contributed for years – Can I claim a QCD from that IRA? Last question – IRS instructions states “enter distribution amount on line 4a, enter “0” on line 4b, then enter QCD next to line 4b.” How do I do that since I’m using a online tax program and not filling out the form manually? Thanks for the help.

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