The limitations regarding deductible traditional IRA contributions made in or after reaching age 70½ apply to all future years. QCDs are taxable until all of these contributions have beendistributed as QCDs. For example, if after over several years you've made $12,000 in deductible contributions in or after the year that you reached age 70½, your first $12,000 of QCDs are includible in income rather than being excludible. TurboTax as not yet implemented this limitation on QCDs.
