@Cynthiad66 wrote:
Yes.
To report a QCD in TurboTax, enter the Form 1099-R under Wages & Income -> Retirement Plans and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R). In the follow-up indicate that some or all of the distribution was transferred to charity. TurboTax will include the entire amount on Form 1040 line 15a of Form 1040 line 11a but will exclude the QCD amount from the amount on line 15b or 11b. TurboTax will include the notation "QCD" next to the line.
Line 15b and 11b are for the old 1040 and 1040A that no longer exist. The 2020 is on a 1040 and all IRA distributions will go on the 2020 1040 line 4a and 4b.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
