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Retirement tax questions
Proceed as follows:
- Enter the code 4 2018 Form 1099-R under Wages & Income -> Retirement Plans and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R).
- Indicate that the distribution was from an inherited IRA.
- When asked, indicate that the decedent was born before July 1, 1946, even if it is untrue. (TurboTax has a bug that the developers have declined to fix that requires TurboTax to see both the decedent and beneficiary as being over age 70½ even though to make a QCD only the beneficiary need be over age 70½ at the time of the distribution.)
- Indicate how much was transferred by the IRA custodian to the charity.
June 4, 2019
4:55 PM