$25.00 
Learn more
Submitted By: someone
Answered: November 19, 2018 10:21 pm
Answered: November 19, 2018 10:21 pm
I’m 72 years old. Can I take a qualified charitable distribution from my SEP?
A qualified charitable distribution (QCD) can only be taken from a traditional or Roth IRA. It cannot be taken from a SEP or SIMPLE-IRA. However, SEPs and SIMPLE-IRAs can be rolled over to an IRA and then QCDs can be taken from the IRA.
advertisement
Featured Books
Tax Glossary
Accelerated depreciation
Depreciation methods that allow faster write-offs than straight-line rates in the earlier periods of the useful life of an asset. For example, in the first few years of recovery, MACRS allows a 200% double declining balance write-off, twice the straight-line rate.
