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adbeverlysmith
February 10, 2025
Question

on my 1099-R box 2b was checked. i made a charitable contribution from my RMD. How am I suppose to reduce the taxable amount?

  • February 10, 2025
  • 1 reply
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    1 reply

    M
    MinhT1
    February 10, 2025

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

     

    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.

     

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