Personal Finance (Not Investing) • Living trust income problem

If she is over age 70.5 and charitably inclined, consider using part of her RMD as a QCD which will reduce her taxable income.

Yes, this is one of a few ways you can keep her income below the $30K level. You'll want to work with your tax adviser to work out the numbers.
I would first see if the sale can qualify as an 1033 election, then you can defer the capital tax gain for a few years.

Statistics: Posted by wangle — Sun Oct 13, 2024 11:23 pm — Replies 13 — Views 909

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