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kentroj
New Member

IRA Distribution to Charity

My 1099 has Distribution Code 7 with IRA/SE/Simple box checked.

I am age 61

 

This cash was sent directly to a charity. I cannot figure out how to record is a non-taxable event. The 1040 doesn't allow me to check the QCD box and Turbo Tax doesn't ask if the distribution was sent to a charity.

 

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2 Replies

IRA Distribution to Charity

You must be age 70 1/2 or older for a QCD.

IRA Distribution to Charity

So if you are under 70 1/2 it is taxable and you can add the donation as an itemized deduction on Schedule A.

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