Question

2020 QCD

Forum|Forum|5 years ago
January 29, 2021
1 reply
0 views

How do I handle 2020 traditional IRA 1099-R income in Turbotax where the income is a mix of non taxable qualified charitable distribution (QCD) and taxable IRA withdrawal. Turbotax is giving me no help on the QCD topic. No QCD questions are asked. Do I need to get two separate 1099-R forms that separate the taxable from non taxable pieces?

IRA

L

linaj20201

If you are using TurboTax free edition, you would need to upgrade to Deluxe edition. It will show under one of the uncommon situations on the screen. See image

I have already submitted a request for fix.

K

knirf1Author

I was able to get Basic free version of Turbotax to respond correctly. I opened the Form 1099-R for that IRA withdrawal. Midway down through that form is a section for RMD and QCD. I entered the dollars associated with the charity there and then it correctly showed up on Form 1040.

R

Rockfhome

Does the Home & Business version have the option to indicate QCDs from an IRA. I can't find a question asking if any amount on my 1099R has been used as for charitable donations.