My info from the broker shows the entire required minimum distribution. I had money sent directly to a charity and should not be taxed. How do I show that in TT
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If you are referring to making a Qualified Charitable Distribution (QCD) from your IRA, there is a provision within TurboTax to take care of this.
TurboTax will take your age into account and determine if you qualify to make a QCD. After you enter the information from your Form 1099-R which reports the distribution there will be some follow-up questions. One of those questions will be if the distribution was transferred to a qualified charitable organization. You can choose either all, part, or none of the distribution was transferred. This will take care of reporting the distribution correctly on your return.
Click on the picture below for a visual reference of the screen you will see with regard to the QCD.
To go directly to the section of your return to enter your Form 1099-R, use these steps:
If you are referring to making a Qualified Charitable Distribution (QCD) from your IRA, there is a provision within TurboTax to take care of this.
TurboTax will take your age into account and determine if you qualify to make a QCD. After you enter the information from your Form 1099-R which reports the distribution there will be some follow-up questions. One of those questions will be if the distribution was transferred to a qualified charitable organization. You can choose either all, part, or none of the distribution was transferred. This will take care of reporting the distribution correctly on your return.
Click on the picture below for a visual reference of the screen you will see with regard to the QCD.
To go directly to the section of your return to enter your Form 1099-R, use these steps:
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