On my IRA distribution, the amount was directly sent to a charity. How do I indicate that? so that the distribution is non taxable?

[pjl256sr]

Are IRA distributions directly to charity non taxable. Where do I indicate this?

[VolvoGirl · Accepted solution]

You fill out the 1099R exactly as shown. For 2025 there might be a new code Y on the 1099R for QCD. The IRS does not require financial institutions to use code Y to report QCDs yet, instead making the use of code Y optional. I got my 1099R from Vanguard for my QCD and it only had code 7 in box 7.

If you are over 70 1/2 then after you enter the 1099R keep going though the followup questions. TurboTax will ask you if any portion of your distribution was transferred to charity. You can then enter the amount transferred to charity.

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.