dmertz
Level 15

Retirement tax questions

For any code 7 distribution from a traditional IRA, the amount shown by the payer in box 2a is required to be the same as the amount in box 1 and box 2b Taxable amount not determined is required to be marked.  A QCD is indicated on your tax return when you answer TurboTax question that some or all of the distribution was transferred to charity.  The gross amount from box 1 of the Form 1099-R will be included on Form 1040 line 15a or Form 1040A line 11a but the QCD amount will be excluded from the amount on line 15b or 11b.  The notation "QCD" will appear next to the line.