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Deductions & credits
@dmertz , you are correct ----I had assumed that the admin. having transferred directly the QCD amount had all the info to provide the correct taxable amount. But given the various and sundry different situations, that was too simplistic approach . I stand corrected..
I see on further looking into the situation & reading up pub 590-B, that indeed the owner of the account is the only one that can determine the taxable amount with the help of form 8606.
Thank you for pointing out my error
pk
‎September 9, 2023
12:30 PM
1,052 Views