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jbryanrep
New Member

How do I list my contributions made directly from my IRA

I have always been able to list the portion of my IRA distribution directly given to Charities. I cannot find it this year
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Accepted Solutions
MinhT1
Employee Tax Expert

How do I list my contributions made directly from my IRA

Distributions paid directly to charities are Qualified Charitble Distributions (QCD).

 

While entering your form 1099-R, if you have entered a birth date which makes you older than 70 1/2 in the tax year, TurboTax will ask you if any portion of your distribution was transferred to charity. Answer Yes to that question and you can then enter the amount transferred to charity.

 

The code in box 7 of form 1099-R must be 7 and the box IRA/SEP/SIMPLE must be checked.

 

TurboTax will then reduce the taxable amount by the amount transferred to charity.

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2 Replies

How do I list my contributions made directly from my IRA

After you have entered the Form 1099-R there will be series of screens.  The following screen asks if you used the funds for a charity.

QCD Form 1099-R.JPG

 

MinhT1
Employee Tax Expert

How do I list my contributions made directly from my IRA

Distributions paid directly to charities are Qualified Charitble Distributions (QCD).

 

While entering your form 1099-R, if you have entered a birth date which makes you older than 70 1/2 in the tax year, TurboTax will ask you if any portion of your distribution was transferred to charity. Answer Yes to that question and you can then enter the amount transferred to charity.

 

The code in box 7 of form 1099-R must be 7 and the box IRA/SEP/SIMPLE must be checked.

 

TurboTax will then reduce the taxable amount by the amount transferred to charity.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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