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February 15, 2025
Question

RMD to QCD

  • February 15, 2025
  • 1 reply
  • 0 views

I have completed my 2024 tax return using TurboTax. I had two RMD withdrawals whose full amount was sent to a QCD. I included that fact in the software income section when it asked this question and for the amounts. When I look at my completed screen for income, both RMDs still show as income and I see no section anywhere in the return where I receive credit for these QCD donations.

    1 reply

    VolvoGirl
    Employee
    February 15, 2025

    If you are looking at a summary screen or review screen those show all the full amounts as income and lump a lot of stuff together. You need to check the actual 1040 line 4b or 5b and make sure it's right.

     

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