IRA rmd qcd

Forum|Forum|3 months ago
March 10, 2026
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I contributed an excess amount to a RMD QCD over the required amount of the RMD. That excess amount should have been deducted from my total income and reflected on my adjusted gross income. It was not.

VolvoGirl

Level 15

Mine works fine. If you are over 70 1/2 then after you enter the 1099R keep going. In my Desktop program one of the next screens will say…Do any of these situations apply to you with a list. The 7th item is "I transferred all or part of this money directly to charity". Check that and the next screen will be either for RMD info or ask how much was transferred to Charity. Just keep going though all the screens.

For a QCD, check 1040 line 4b. It should be 0 (unless you have other taxable 1099Rs) and the QCD box checked. The code in box 7 of form 1099-R must be 7 and the box IRA/SEP/SIMPLE must be checked. You can’t do a QCD from a 401K. For QCD there is a new checkbox on the 1040 line 4.
4a is the amount of the IRA distribution.
4b is the taxable amount.
4c has 3 checkboxes. Checkbox 2 is for QCD

If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it's right. Check lines 4b & 5b for any taxable amounts.