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Do I need to complete the section on individual contributions to each charity, if the total for multiple organizations was declared on the RMD section?

Forum|Forum|7 years ago
June 6, 2019
3 replies
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A portion of the RMD was donated to multiple charities

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Best answer by macuser_22

If you are taking the 1099-R QCD deduction from the taxable IRA distribution in the 1099-R interview, then you cannot also deduct it as a itemized deduction.

The distribution amount should be on the 1040 line 4a and the taxable amount on 4b with QCD next to is if you entered it correctly.

macuser_22

Employee

Were the donations direct IRA trustee to the charity trustee transfers and you never saw the money?

Only trustee-to-trustee transfers meed the RMD QCD requirements. It would need to be separate transfers to each charity by the IRA trustee.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

D

del23Author

Yes, it was IRA trustee-to-charity trustee. I'm asking because in the past I have listed each charity separately and entered the donation amount. Do I skip this step? Thanks.

macuser_22Answer

Employee

If you are taking the 1099-R QCD deduction from the taxable IRA distribution in the 1099-R interview, then you cannot also deduct it as a itemized deduction.

The distribution amount should be on the 1040 line 4a and the taxable amount on 4b with QCD next to is if you entered it correctly.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**