@disabato05 wrote:
WE have this exact same problem. The only way we got it to take the Distribution from the IRA as a QCD was to change the birthdate to over 72. Then the follow up question for RMD and QCD comes up. This must be a bug in the Turbo Tax system because the tax law says you can take a QCD at 70 1/2 even though you are not required to take a RMD until 72. When will Turbo Tax be fixing this bug???
I don't know when, but they know about it.
2020 TurboTax presently has a bug the prevents it from asking the necessary question for those with birthdates between July 1, 1949 and June 30, 1950. As a workaround for this, with the CD/download version you can provide the QCD-amount information on the 1099-R in forms mode or in any version of TurboTax you can temporarily change your birthdate in TurboTax to something before July 1, 1949, edit the 1099-R form in TurboTax and answer the question asking how much was transferred to charity, then change your birthdate in TurboTax back to your actual birthdate.
**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.**
