Retirement tax questions

Follow these steps to fix your issue:

1. Open your return to the 1099-R QCD.
2. Go through the 1099-R entries
3. Look at Box 7 on your form, is there a Y in the box and is it in the program (this is new for TY25 and not mandatory- but a quick way to prove)
4. Either way, we continue on. It's just nice to know if the program already knows with the code Y.
5. Is the IRA/ SEP/ SIMPLE box checked? It should be - both on your form and in the program
6. continue on and look for the qualified charity distribution.  "Do any of these uncommon situations apply?" or "Did you transfer this to charity?" 
7. Select Yes, - since in fact you did. 
8. A box should pop up asking the amount of QCD, enter the amount.
   • If you don't see this, you have to do a little workaround and I think this applies to you. We are going to cheat and then fix it:
     1. back up to the 1099-R, box 7 and select I have another box, add the Y.
     2. go forward a couple screens and the program asks how much was QCD and gets your return corrected.
     3. Go until the end and done with the 1099-R.
     4. The program is now aware of and holding the QCD information.
     5. Go back and remove the Y. 
     6. Continue forward and the QCD question will pop up again with the amount entered.
9. You can look at your 1040. Line 4a is the total and line 4b is the taxable part.

Reference: Seniors can reduce their tax burden by donating to charity