dmertz
Level 15

Retirement tax questions

Were you age 70½ or older in 2019?  If not, the distribution does not qualify as a QCD.

 

Was the distribution actually from an IRA (IRA/SEP/SIMPLE box marked on the Form 1099-R)?  If not, the distribution does not qualify as a QCD.

 

If the distribution is from an IRA (code 4 or 7 and the IRA/SEP/SIMPLE box is marked) and you were age 70½ or over, in the questions that follow entering the Form 1099-R TurboTax will ask how much was transferred to chairty and exclude this amount from the amount on 2019 Form 1040 line 4b, with the notation "QCD" next to the line.

 

If the distribution does not qualify as a QCD, you'll need to claim it as a charitable deduction on Schedule A.