SamS1
Expert Alumni

Retirement tax questions

Yes it does, In Home & Business, you need to go into forms mode.  In the upper right of the top margin click Forms.  From there:

  • Find the 1099R you entered in the right hand column
  • Click to open the form
  • Scroll down till you find "Charitable Distribution Deduction" and enter the amount that was distributed to the Charitable Organization
  • When finish Click "Step by Step" to go back to the data entry screens.

You are allowed QCD for 2020 is $100,000.