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Retirement tax questions
This is not completely fixed, at least in the desktop version of Turbo Tax 23. My husband turned 70-1/2 in early Dec. '23. He made a QCD from his Rollover IRA in late Dec. '23. According to IRS reg. it qualifies as a QCD since he was 70-1/2. I answered the questionnaire in TurboTax, correctly indicating this was a QCD. Nevertheless, the amount of the QCD does not appear as an offset to the IRA distribution, in determining Adjusted Gross Income. Neither does it appear as a charitable contribution.
‎April 3, 2024
12:46 PM