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I with drew dollars from my Fidelity IRA Roth in 2024. How do I deduct these tax free dollars from my income?

How do I deduct QCD Qualified Charitable Contributions from my TurboTax
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dmertz
Level 15

I with drew dollars from my Fidelity IRA Roth in 2024. How do I deduct these tax free dollars from my income?

Because the distribution from the Roth IRA is already nontaxable, it cannot be a QCD.  You can claim a deduction on Schedule A for the charitable contribution.

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SharonD007
Employee Tax Expert

I with drew dollars from my Fidelity IRA Roth in 2024. How do I deduct these tax free dollars from my income?

After you enter your 1099-R, TurboTax will ask you follow-up questions.  You will select that your distribution was a Qualified Charitable Distribution.

 

Refer to the TurboTax Help article What is a Qualified Charitable Distribution? for more information.

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dmertz
Level 15

I with drew dollars from my Fidelity IRA Roth in 2024. How do I deduct these tax free dollars from my income?

Because the distribution from the Roth IRA is already nontaxable, it cannot be a QCD.  You can claim a deduction on Schedule A for the charitable contribution.

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