Question

is option available on online Turbotax isDeluxe version to enter QCD amount?

Forum|Forum|1 year ago
March 19, 2025
1 reply
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2023 cd version of TurboTax asked if there were QCD deduction and asked to enter the amount. same option available on online versions in 2024?

TurboTax Deluxe Online

M

MayaD

Yes. When you enter your 1099-R continue to the screen Do any of these situations apply to you? select I transferred all or part of this money directly to charity.

A qualified charitable distribution (QCD) is a distribution from an IRA made directly by the trustee of the IRA to a qualified charity. A QCD reduces the amount of your IRA distribution that you are required to recognize as income.

You must be at least 70 1/2 years old on the day of the distribution.

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