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Retirement tax questions
If your charity qualifies, you will enter a charitable contribution from your RMD (QCD) as follows:
1. Input your 1099-R as income. Box 1 will be the entire amount of the distribution. Box 2 is the entire distribution amount minus the non-taxable QCD amount.
2. During the 1099-R follow-up questions, you will be asked about a Required Minimum Distribution and if any part was a QCD.
3. Do not report the QCD as a charitable contribution.
‎June 6, 2019
9:52 AM