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Deductions & credits
Above comment edited.
You cannot enter a QCD for a qualified Roth distribution into TurboTax.
Per the IRS 1040 line 4 instructions:
"You can't claim a charitable
contribution deduction for any
QCD not included in your income."
Because a qualified Roth distribution is not taxable it would not be included in your income even if not a QCD, so there is noting to deduct.
You cannot enter a QCD for a qualified Roth distribution into TurboTax.
Per the IRS 1040 line 4 instructions:
"You can't claim a charitable
contribution deduction for any
QCD not included in your income."
Because a qualified Roth distribution is not taxable it would not be included in your income even if not a QCD, so there is noting to deduct.
**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.**
‎June 3, 2019
11:05 AM