Retirement tax questions

macuser_22 · ‎February 1, 2021

@TelcoEd wrote:

I am using on line version, I changed my DOB and then I got asked the QCD question. When I changed my DOB back, that portion disappeared, so for the on Line version, this work around does NOT work. TT needs to fix this huge bug ASAP

The age change workaround works fine online - I just tried it. Delete the 1099-R, change the year of birth to 1948 of before, enter the 1099-R, check the box that you has a QCD, answer that NONE of the distribution was a RMD, complete the 1099-R interview and then change the DOB back to the correct DOB.

DO NOT revisit the 1099-R.

Print the 1040 and it should look like this with the 1099-R line 1 amount online 4a the amount of distribution taken minus the QCD amount on line 4b (taxable amount) and QCD printed next to it.

(In my example the total distribution was $1,111, the QCD amount was $222 and $889 taken in cash.)

**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.**