How to input Sec. 408(d)(8) charitable contribution directly from IRA
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How to input Sec. 408(d)(8) charitable contribution directly from IRA

The financial institute will be sending the RMD directly to the charity, but has indicated the 1099-R code will remain a "Normal Distribution". How do we input this donation so that it remain excluded from taxable income?  Here is an article explaining the tax situation: http://www.thetaxadviser.com/newsletters/2016/apr/charitable-ira-distributions.html
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Level 14

How to input Sec. 408(d)(8) charitable contribution directly from IRA

What amount did the financial institution in box 2a - Taxable Amount?

If they put zero, then you're fine and don't have to do anything.  The distribution is not included in your taxable income.

If they included the distribution in the taxable amount, then you have two options:

  1. Ask the financial institution for a corrected 1099-R with zero as the taxable amount.
  2. File your return and take a charitable deduction on Schedule A.
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