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Arkansas and IRA QCD's
My 2021 Arkansas Individual Income Tax Return has been reviewed by an Arkansas State auditor, and I was required to file an amended Arkansas Return to include our total IRA RMD's as income on Lines 18a and 18b of Form AR2 and the IRA QCD's on Line 13 of Form AR3.
TurboTax treats IRA RMD's and IRA QCD's the same for both the Federal Return and the Arkansas Return, even though Arkansas does not recognize the Federal treatment.
There is only one reference to "tax-free distributions from individual retirement plans for charitable purposes" in the Arkansas Code Annotated A.C.A. 26-51-404 (b) (28). It is applicable only to tax years 2006 and 2007.
Please correct this error before the 2022 TurboTax editions are issued.
‎September 29, 2022
12:39 AM