This is my first year for a required minimum distribution, so I also used qualified charitable distributions. I’m quite confused when I go to TurboTax. I get two 1099Rs from Raymond James although from the same account. The first 1099R indicates my gross distribution and federal income tax withheld. In other words, it looks very similar to the one I got last year. The second 1099R shows a gross distribution, which is actually my qualified charitable distribution. It then shows that as a taxable amount. I don’t know why that amount would be taxable.
When I use the interview, it wants to know how much RMD is required from the account second 1099R. I would assume $0 since it was my QCD but I should indicate the gross distribution?
Thanks in advance
