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February 28, 2023
Question

Qualified Charitable Distributions

  • February 28, 2023
  • 1 reply
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    ChenowethAuthor
    February 28, 2023

    I am replying to myself since I didn't have an opportunity to actually post anything. 

    Here's the problem.  I have several accounts from which I receive RMDs.  In some, the RMD and the QCD are the same, so the taxable amount is 0.  TurboTax gets balled up when I enter zero in the taxable - gives an error re needing prior excess traditional IRA contributions when I run the final error check.  It also seems to double the amount of the QCD though I'm not sure about that.  A different account in which the RMD and the QCD are not the same has no problem when I enter the RMD minus the QCD amount in the Taxable box - no error and it gets the QCD amount correctly.    

    February 28, 2023

    my return rejected because of QCD calculated error.  TT said no errors on return and return due March1 but error won't be corrected till after march10.