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Retirement tax questions
Thank you. I use Turbo Deluxe. Last year was the first time we used QCDs so this is new to me.
After reading your response, I took the actual 1099R (1 and 2a have the same amount) and started a new 1099R in Turbo. I saw no box for entering either the total QCD amount or the taxable portion of the 1099.
Looknig at the 1040 form 4a IRA distributions and box 4b Taxable amount. Is 4b populated from a 1099R or do I input the number (RMD-QCD)? If it is auto populated from the software, where does the total come from?
Tks
‎February 1, 2023
6:48 AM