DaveF1006
Expert Alumni

Deductions & credits

According to our Champion Maglib, he/she states that "The Form 1099-R will report a regular distribution regardless of a QCD.  The financial institutions normally does not indicate that the distribution was transferred to charity.  When entering this Form 1099-R into Turbotax, there will be questions related to the amount donated directly to charity. Turbotax will exclude this amount from Form 1040 line 15b or Form 1040A line 11b and will include the notation "QCD" next to the line."

 

After you enter your 1099-R, there will be a follow-up screen that asks Do any of these situations apply to you? Here you will choose I transferred all or part of this money directly to charity.  I hope this helps.

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