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Retirement tax questions
If you are referring to making a Qualified Charitable Distribution (QCD) from your IRA, there is a provision within TurboTax to take care of this.
The QCD question comes up after it asks about your RMD. Be sure that the IRA/SEP.SIMPLE box was checked on your Traditional IRA 1099-R.
If you are over 70 1/2 that should be asked. If not check your DOB in the personal information section.
While entering your information for the 1099-R you will come to a screen that says: Is this withdrawal an RMD? You answer yes. THE NEXT SCREEN should say: Transfer to Charity? This is where you check that all or part went to a charity and on the NEXT screen enter the amount.
‎June 3, 2019
10:18 AM