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On the 1099-R, where do I put my qualified Charitable Distributions (directly from my financial institution to my church) I made from my IRA?

 
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2 Replies

On the 1099-R, where do I put my qualified Charitable Distributions (directly from my financial institution to my church) I made from my IRA?

You fill out the 1099R exactly as shown.  I got my 1099R from Vanguard for my QCD and it only had code 7 in box 7.  There is a new code Y some 1099R might use.  After you enter the 1099R TurboTax will ask you if any portion of your distribution was transferred to charity. You can then enter the amount transferred to charity.

 

Then do not enter the QCD under Deductions.  It only goes on the 1099R entry.   

On the 1099-R, where do I put my qualified Charitable Distributions (directly from my financial institution to my church) I made from my IRA?

@bruce-carr49 

 

And the latest info is that the 1099-R area may be ready late Friday afternoon...so come back on Saturday to enter your 1099-R...and QCD amount.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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