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Retirement tax questions
I was 70 1/2 in July of 2020. Because of the CARES act, I was not required to take an RMD in 2020, but chose to take a Qualified Charitable Distribution in November in light of the additional needs imposed on charitable organizations due to COVID-19. My financial advisor checked the IRS rules and said that I could take a Qualified Charitable Distribution for the 2020 since I was 70 1/2, but using TurboTax Delux 2020 with the latest updates, there is no prompt to designate this distribution as a QCD. Please advise.
ā€ˇFebruary 3, 2021
7:55 AM