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Level 2
posted Feb 13, 2021 8:50:19 AM

Any updates on those of us who turned 70.5 in 2020 to show the QCD, since we do NOT have an RMD to pose the question.

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1 Replies
Expert Alumni
Feb 15, 2021 3:35:54 PM

The only solution at this time is to temporarily change the age date to 72 and walk through the 1099R and QCD screens. Since this information is not transmitted to the IRS and will help with any RMD questions, I guess 72 is the new 70.5.  With no RMD issues this year, leaving at 72 as you complete your return should not impact the tax calculations. 

 

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