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Retirement tax questions
If you are the IRA participant, for TurboTax to ask if any portion of your distribution was transferred to charity, your birthdate entered into TurboTax must indicate that you were at least age 70½ by the end of the tax year, the Form 1099-R must have code 7, and the IRA/SEP/SIMPLE box must be marked. I turned 70 1/2 in 2020 but I was not directed to the follow up questions regarding the QCD. Is there a flaw in the Turbo Tax program?
February 18, 2021
7:38 AM