You'll need to sign in or create an account to connect with an expert.
Yes enter both of them. After you enter it (maybe after all the 1099R) it will ask if you made any QCD and amount. The total gross amount will be on 1040 line 4a and the taxable amount on 4b with QCD written by it. You have to report it or the IRS will think its taxable and say you missed it.
After you enter the 1099-R you have to continue through the interview screen by screen. The questions in TurboTax don't use the term "QCD." One of the screens asks whether you transferred any of the distribution to charity. After you enter the information you will get a confirmation screen that says it is designated as a QCD. That's the only place that you will actually see the term QCD.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
fileyouself
Returning Member
fplamenco1
New Member
KarenL
Employee Tax Expert
Johnjepp
New Member
jtkalinka
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.