Inherited IRA

Forum|Forum|2 years ago
March 6, 2024
2 replies
33 views

I downloaded the 10990-R form from Fidelity for my inherited IRA. It has the amount that was withdrawn (RMD) but I do not see anything about the qualified directed charitable contributions I made which was the total value of the withdrawal. When I tried to follow the instructions for entering the QCD, I can get to the 1099-R but I do not see any way to enter the QCD's. I do not get the questions that were referenced in the solution I acessed.

VolvoGirl

Level 15

One thing....lBe sure you check the little IRA box between boxes 7&8.

reschorrAuthor

Level 2

thanks, but the box is checked already. Still no way to post QCD's

dmertz

Level 15

Did you reach age 70½ before making the distribution from the IRA? If not, you are not eligible to treat the distribution as a QCD. It's your age, not the age of the decedent, that is a factor in determining eligibility to make a QCD.

If you are not eligible to have made a QCD, you can claim the charitable deduction on Schedule A.

reschorrAuthor

Level 2

Thanks but that is not my problem. For better or worse, I am definitely beyond 70.5. Still looking for an answer. I know I've taken the qualified charitable distributions off of my inherited IRA RMD in the past. ??? I'm going to look at more of my. past filings.