Solved: I am asked if my IRA and Pension payments were spent on Charities, and wonder what the relevance is? Whose business is this as to where we spend it?

I am asked if my IRA and Pension payments were spent on Charities, and wonder what the relevance is? Whose business is this as to where we spend it?

There are no details. It is a simple question.

posted

TurboTax is asking if you made a distribution from your traditional IRA that was transferred directly to charity as a Qualified Charitable Distribution. The amount that is a QCD is entirely excludible from your income instead of being fully taxable to you.

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