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March 10, 2025
Question

how do i have my RMD show up as a qualified charitable deduction. It is showing up as income, but it went directly from my IRA to my church

  • March 10, 2025
  • 2 replies
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    2 replies

    VolvoGirl
    Employee
    March 10, 2025

    While entering your form 1099-R, if you have entered a birth date which makes you older than 70 1/2 in the tax year, TurboTax will ask you if any portion of your distribution was transferred to charity. You can then enter the amount transferred to charity.

     

    The code in box 7 of form 1099-R must be 7 and the box IRA/SEP/SIMPLE must be checked.

     

    TurboTax will then reduce the taxable amount by the amount transferred to charity.

     

    A IRA QCD should be 0 taxable on 1040 line 4b and QCD written by it.  Unless you have other 1099R taxable amounts on 4b.  

     

      If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 and make sure it’s right. For 1099R check 1040 line 4a/5a and 4b/5b for any taxable amount. 

    cmtawc2Author
    March 13, 2025

    Thanks.  Problem solved by re-entering the relevant form.

    March 10, 2025

    To report a qualified charitable distribution on your Form 1040 tax return, you'll use the 1099-R (even though there's no indication that it was a QCD). Enter the info as a 1099-R and you'll be asked in one of the follow-up questions if it was a Qualified Charitable Distribution.

    A qualified charitable distribution can satisfy all or part of your required minimum distribution (RMD) for the year.

    Where do I enter my 1099-R?

    What is a Qualified Charitable Distribution?

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