Retirement Accounts
A 72-year-old wants to donate $50,000 from her Traditional IRA directly to charity. Which statement is TRUE about this Qualified Charitable Distribution (QCD)?
QCDs are available starting at age 70 1/2. The distribution is excluded from taxable income (not included), can satisfy RMD requirements, and cannot also be claimed as a charitable deduction. QCDs are limited to $108,000
Complete Analysis & Legal Rationale
QCDs are available starting at age 70 1/2. The distribution is excluded from taxable income (not included), can satisfy RMD requirements, and cannot also be claimed as a charitable deduction. QCDs are limited to $108,000 per year (2025).
Distractor Autopsy (Why Other Options Are Traps)
FINRA exam writers design incorrect distractors using specific calculation mistakes and regulatory misconceptions. Review why each option succeeds or fails:
Does not match the governing concept in the explanation.
Matches the verified teaching point in the explanation.
Does not match the governing concept in the explanation.
Does not match the governing concept in the explanation.
Official Standard: Outline-level citation pending rule-specific upgrade. Verify against current FINRA Series 7 outline.