RMD and QCD are not related. When you enter your 1099-R, (as issued), indicate that 'all of the distribution is RMD'. On the next screen, choose 'part of this distribution was transferred to charity' and on the following screen, enter the amount that was transferred as QCD.
The QCD amount is not taxable. RMD is taxable as regular income. The only problem arises is if you didn't take your RMD properly.
TurboTax includes the full amount of the distribution reported on your Form 1099-R on line 4a (IRA Distributions) of your Form 1040. The taxable amount reported on Line 4b will be the total distribution less the QCD amount and will have "QCD" entered next to it.
Here's more info on Qualified Charitable Distributions.
@Chenoweth
Edited 3/2/2023 | 6:13 pm
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