All you have to do is enter form 1099-R into TurboTax and answer follow up questions. As soon as the form is entered, the program asks Transfer to charity? question. Please be sure to select if you had all or part of the distribution transferred to charity (see pic).
You qualify for a QCD if:
- You are over the age of 70 and 1/2, and
- the
gift must be given to an organization that qualifies as charitable organization, and
- it must be sent directly from an IRA to a charitable organization
1099-R form data entry:
- Federal Taxes
- Wages and Income
- Scroll down to Retirement
Plans and Social Security
- Select IRA, 401(k), Pension Plans (1099-R)
Note: if you claim the distribution as a QCD, please do not enter the amount
as a charitable contribution in the Deduction and Credits section. A QCD
is not included in your taxable income and you can't deduct it again under
charitable contributions.
