QCD from ROTH in Error-is there a way to correct?

[magu8870]

Hello, I recently had a a few QCDs that were processed from my ROTH. Since a qualified distribution from a ROTH IRA shall not be includible in gross income is there anyway to ammend or correct with my CPA ?

[dmertz]

Only distributions of otherwise taxable funds in an IRA can be a QCD.  Since a qualified distribution from a Roth IRA is never taxable, it is not permitted to be reported as a QCD.  Instead it must be reported on Schedule A as a charitable contribution, the same as if the distribution was paid to you and you then wrote a check to the charity.

It's extremely rare that any distribution from a Roth IRA could qualify as a QCD.  It would have to be a distribution made from a Roth IRA after the participant reached age 70½ but before the 5-year qualification period has been met, and the IRA has investment gains.  The QCD is not permitted to exceed those investment gains.

[magu8870]

Thank you