Retirement tax questions


@refereeken wrote:

I'm age 71 and the option to enter a QCD amount is not offered during the interview! (As of Jan 7, 2021.)  My wife is 74 and the QCD option works fine. I think they broke the QCD part of the program for those of us who are older than 70 1/2 but younger than 72.


This may indeed be a bug.

 

My quick test would seem to confirm that TurboTax has changed the 70 1/2 rule to 72 for RMD's as the CARES act changed for RMDS.   However, as far as I know, the QCD age remains for 2020, 70 1/2 but TurboTax does not allow it unless the age is 72 or more.

 

@dmertz can you confirm and do you agree?

**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.**