dmertz
Level 15

Retirement tax questions

Presumably the distribution that was returned and the separate QCD distributions were all combined on a single Form 1099-R.  (They should be.)  Enter this Form 1099-R as received, indicate that none of it was RMD, indicate that you did a combination of rolling over and cashing out, indicate the amount that was returned to the IRA, then indicate the amount that was distributed as QCDs.  If you previously told TurboTax that some or all of the distribution was RMD, delete and reenter the Form 1099-R to make sure that the rollover is handled correctly.

 

Confirm that the entire box 1 amount is included on Form 1040 line 4a, that line 4b is zero and that the notation "STMT" is next to line 4b.  Also confirm that your tax return includes an explanation statement that includes the ROLLOVER and QCD notations.

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