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Form 5329 Mistake
My Form 5329 incorrectly shows a Federal tax due for a qualified charitable distribution (QCD) from my IRA. The QCD is correctly interpreted on lines 4a and 4b of my 1040 (IRA distributions and taxable amounts) from information on Form 1099-R for my IRA. However, Form 5329 shows a Federal tax due on the QCD amount. This must result from a mistake by Turbotax.
March 17, 2025
8:51 AM