DianeC958
Expert Alumni

Retirement tax questions

To qualify for a Qualified Charitable Distribution, your birthdate in TurboTax needs to show that you are at least 70 1/2 years old during the tax year.  The distribution also needs to be from an IRA/SEP/SIMPLE account and the box checked on the 1099-R and in TurboTax.

 

 Box 7 should have code 7.  As you go through the questions there is one that asks if this is a transfer to charity if you meet the above qualifications.

 

If you pick the all or part of the distribution went to a qualified charity then that amount that was transferred to the charity is not taxable.

 

[Edited 02/28/20 9:24 PST]

 

 

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