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Get your taxes done using TurboTax
Thank you. The amount on 1040 line 4a seems notably higher than any IRA distributions totals I calculate. 4a is blank. TT calculations are a black box to me.
I don't recall any TT questions about a QCD, but was looking for them. (I wonder if this would be different if I entered the 1099-Rs manually??) I'll need to review the fine details of my returns, if I can figure out how to.
Yes, over 70.5 and taking RMDs. Distribution code is 7.
I'm aware that QCD amounts are simply not added in to the AGI in the first place.
My broker just recently announced that many people may have not gotten that benefit based on using TT. But even he is more than a tad confused -- and unsure how to find out.
‎September 13, 2023
2:02 PM