- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I had a $59,000 basis in an IRA due to nondeductible contributions. I used my MRD to make a QCD. Turbotax reduced my basis by the entire amount.Why???
I had a sizable taxable portion of the IRA. The Pre-tax and After-Tax Ordering Rules for QCDs take the amt out of the taxable first. Why does Turbotax reduce my tax basis?
Topics:
‎June 5, 2019
11:20 PM