On the 1099R entry, where do I report a QCD?

Forum|Forum|5 years ago
January 15, 2021
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MarilynG

Level 15

When you enter your 1099-R, one of the screens asks 'was this withdrawal an RMD', then another asks 'Transfer to Charity?'.

If you missed these on your original entry, you could delete your 1099-R and re-enter it to get those screens to come up for you.

Click this link for info on Qualified Charitable Deductions on 1099-R.

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tdclatAuthor

Level 4

After multiple re-entrys, the RMD, screen has 3 choices, all RMD, partial RMD, not a RMD. There never was any quetion about QCD or charity. The program needs to be fixed. How does one notify TT tech support to fix this?

Irene2805

Level 15

QCDs allow IRA owners who are age 70 ½ or older to directly transfer up to $100,000 annually from an IRA to charity, tax-free. Please check these entries:

Make sure you have the IRA/SEP/SIMPLE box marked on your 1099-R form (below box 7); and
Your age is 70-1/2 or better.

After the 1099-R entry screen, you should see the screen, Tell us if any of these uncommon situations apply. You will be able to mark the box that you transferred all or part of this money to charity. [See screenshots below.]

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