Skip to main content
February 27, 2021
Question

How do I enter an IRA distribution that was all QCD without TurboTax thinking I had not taken my full RMD?

  • February 27, 2021
  • 1 reply
  • 0 views
I should not have a RMD this year because of CARES act.

1 reply

February 27, 2021

Please follow these steps to enter your 1099-R and QCD:

  1. Login to your TurboTax Account 
  2. Click on the Search box on the top and type “1099-R”
  3. Click on “Jump to 1099-R” and enter your 1099-R
  4. Continue until the "Do any of these situations apply to you?" screen and select "I transferred all or part of this money directly to charity"
  5. Continue until "How much was a RMD?" and select "none"
  6. After all 1099-Rs are entered click "continue
  7. Go through the questions until the "Tell Us More About This Retirement Plan Distribution" screen and select "was not required to take RMD"

 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"