dmertz
Level 15

Retirement tax questions

There is no QCD bug in TurboTax and there has not been any for quite a few years.

 

QCDs are only permitted to be made from IRAs by individuals who are over age 70½.  For distributions that don't meet these requirements, TurboTax will properly not offer the option to report the distribution as a QCD.

 

(In case it's relevant:  For distributions made from inherited IRAs, some people mistakenly believe that eligibility to make a QCD depends on the age of the decedent when, if fact, it depends on the age of the beneficiary.)