dmertz
Level 15

Get your taxes done using TurboTax

Do you mean it's an ordinary IRA?  QCDs are not permitted to be made from a SIMPLE IRA.  (A SIMPLE IRA is an IRA associated with an employer-provided SIMPLE-IRA plan).

 

QCDs can only be made from from a traditional IRA (other than an SIMPLE IRA or an ongoing SEP IRA) or, in some cases, from a Roth IRA.  If a code-7 Form 1099-R does not have the IRA/SEP/SIMPLE box marked, the distribution is not from an IRA and a QCD is not permitted to be made from that account.

 

If TurboTax is saying that you took out a distribution early, it seems that the code in box 7 must be including code 1, indicating that you were under age 59½ at the time of the distribution.