turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How to record a QCD?

I'm unable to enter my QCD
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
rjs
Level 15
Level 15

How to record a QCD?

You should have received Form 1099-R for the distribution from your IRA. If you took other distributions besides the QCD, all the distributions are combined in one 1099-R.


Enter the information from the 1099-R into TurboTax exactly as it appears on the 1099-R form, including the taxable amount. After you enter it and proceed through the interview it will ask you a series of questions about the IRA distribution. If the 1099-R has distribution code 7 or 4 in box 7, the IRA/SEP/SIMPLE box is checked on the 1099-R, and you are over 70½ years old, you will come to a screen that says "Transfer to Charity?" On that screen, you will be able to indicate that all or part of the distribution was transferred to charity, and the amount, if the entire distribution was not transferred to charity.


The amount that was transferred to charity will be shown as non-taxable on your tax return. On Form 1040, the full amount of the distribution will be included on line 4a. Only the taxable amount will be included on line 4b, and the notation "QCD" will be on line 4b.

 

How to record a QCD?

that's entered through the 1099-R which must be an IRA a/c you must be at least 70 1/2. you'll see a question about transfer to charity which for a QCD must be a direct transfer.

 

 

How to record a QCD?

Yeah, I tried that for several hours but maybe it's the old man syndrome;  I could never finish the form and find those latter questions.  Thanks.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question