I have made qualified charitable distributions from my IRA. The system does not ask me if I have those types of distributions even though I have checked the box for IRA/SEP/Simple. I don't know how to enter the qualified amount so that it reduces the taxable amount of my distributions.
The questions in the screen shots that Critter#2 posted come after you click Continue on the screen where you enter the 1099-R information. As Critter#2 said, you have to continue through the interview screen by screen. The screen that asks whether you transferred any of the distribution to charity doesn't say "QCD," but that's what it's about. If you answer that you transferred part of the distribution to charity, the next screen will ask you how much was transferred to charity. The next screen after that will tell you that the amount you specified is designated as a QCD. That last confirmation screen is the only place that you will actually see the term QCD.
I beg to differ ... you may wish to delete the 1099-R and enter it again .... if you indicated it was an IRA distribution and you are over the age of 70.5 then the following screens about RMD & QCD do appear in the interview if you continue screen by screen ...
My situation is a bit different. I am just filling out the 1099-R worksheet (not using the interview). I fill in the worksheet right from the source 1099-R. I put in the QCD amount and put $0 taxable but it shows as pink (error). How do I clear the pink error?
To clear the pink error put $1 into the box as the taxable amount. By doing this your tax will not change and it should clear the error.
It is advisable to follow the question and answer process in TurboTax, it will usually save you time in the long run and insure that your information is processed properly.
Likely my bad but this gave me a problem. I transferred ALL of my RMD to charity. Your post got me to it being accepted as a QCD. Later screen asked for required amount of RMD and how much I actually received. My thinking was since I had the entire amount sent directly to the charity I received $0. Wrong. For entry, I "received" the entire amount even though I never got any of it. Guess I took the question too literally.
The IRS advises thus:
To report a qualified charitable distribution on your Form 1040 tax return, you generally report the full amount of the charitable distribution on the line for IRA distributions. On the line for the taxable amount, enter zero if the full amount was a qualified charitable distribution. Enter "QCD" next to this line
The program will need the amount to put as the full amount before it can record the non-taxable amount.
After you enter the 1099-R information, you must continue and you will see the screen below- this is where you can add the QCD information.
As you enter your 1099R information into your TurboTax return, you should come to a screen that says; here you can indicate if you transferred to charity and if the transfer was for the entire or partial amount.