John-H2021
Expert Alumni

Get your taxes done using TurboTax

Helloo MsWilee,

 

What you are doing is considered a Qualified Charitable distribution. You will receive a 1099-r for the distribtion. The 1099-R will be reported on your tax return but will not be considered taxable income. Because it is not being included in income you can't tax it as a charitable distribtuin if you itemize deductions.

Here is a link with more information in it for you

https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-1099-r/qualified-charitable-distrib...

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