1. The two 1099-R forms are correct. The IRS puts the responsibility on you to show the QCD. Follow these steps:
- Open your return to the 1099R
- enter the second 1099-R exactly as the form shows with the taxable amount.
- Keep your eyes wide for a screen that says "Do any of these uncommon situations apply?" or "Did you transfer this to charity?"
- Select Yes, - since in fact you did.
- A box should pop up asking the amount of QCD, enter the amount.
- You can look at your 1040. Line 4a is the total and line 4b is the taxable part.
2. The RMD amount to enter is the full amount. This lets the IRS know that you took the RMD and gave it away. The QCD counts as part of your RMD.
Reference: Seniors can reduce their tax burden by donating to charity
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