I made a donation via QCD. How do I enter in TurboTax?

Forum|Forum|2 years ago
March 4, 2024
3 replies
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TurboTax Online

Best answer by VolvoGirl

If you are over 70 1/2 and enter a 1099R for a IRA distribution it will ask if it was a Qualified Charitable Distribution. Be sure you check the little IRA box between boxes 7&8. It will show up on the 1040 line 4b as 0 with the QCD by it.

What is a QCD

https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-1099-r/qualified-charitable-distribution/L2IyjNQkb_US_en_US

Mike9241

when you check you made an RMD then as you are entering the 1099-R you should be asked about the QCD, it directly reduces the taxable portion of the RMD. do not enter it as a charitable deduction on schedule A.

VolvoGirlAnswer

Employee

What is a QCD

https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-1099-r/qualified-charitable-distribution/L2IyjNQkb_US_en_US

dmertz

Employee

There is no requirement that a QCD be an RMD.

If the distribution was from a traditional IRA and you were over age 70½ in 2023, the online version of 2023 TurboTax will present a checkbox on the the Do any of these situations apply to you page that you must mark to indicate that the distribution was paid to charity.