Fix my return 1099R

4 replies
18 views

need follow up question to enter QCD information

TurboTax Premier Online

HelenC12

Alumni - Intuit

Please clarify. Are you referring to a TurboTax follow up question in the 1099-R section?

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fidelcus2Author

Level 2

I entered my data but was not asked followup question. The taxable amount should have been decreased by the amount of charitable payments made by me thru a QCD. I wrote checks from my IRA accointy.

ColeenD3

Alumni - Intuit

If you are cashing out your IRA and writing checks to charities, this is not a QCD. This is a Schedule A donation.

A QCD is a direct transfer of funds from your IRA custodian, payable to a qualified charity. QCDs can be counted toward satisfying your minimum required distributions (MRDs) for the year, as long as certain rules are met.