No, it is not counted as an Itemized Deduction.
When
form 1099-R is entered in Turbo Tax (the retirement section), please be
sure that it is entered exactly as it appears on the form and that the IRA box
is checked. This will trigger questions about Qualified Charitable Distribution
(QCD). The software will ask if a portion or entire distribution
was a QCD. Please complete the interview.
You
may then preview Form 1040 (prior to paying for the program) and verify that
portion of it (or all) is not taxable and QCD is indicated on the dotted line
next to Form 1040 15a, 15b will indicate taxable amount (Form 1040a line 11a
and 11b).
1. From My account drop down, select Tools (you must be logged into your tax
return and “in” your tax return)
2. Select View Tax Summary
3. Select Preview my 1040
Note:
If you claim the distribution as a QCD, please do not enter the amount as
a charitable contribution in the Deduction and Credits section. A QCD is
not included in your taxable income and you can't deduct it again under
charitable contributions
