Gifting securities from ira to 501 c was to pass without adding to gross distribution totals in 2016. correct yes or no?
brokage list securites transfer as 7 normal dist
brokage list securites transfer as 7 normal dist
Yes.
But, it's not a simple matter of ignoring it. A 1099-R with code 7 is correct. You then have to tell TurboTax to tell the IRS that you made a QCD (Qualified Charitable Distribution). It will be part of the follow up interview after entering the 1099-R.
See previous questions at:
https://ttlc.intuit.com/questions/3652363-i-made-a-qcd-from-conventional-ira
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