QCD

[fishing4fun]

Another test, I rearranged the order in which I entered my 1099R.  I put mine ahead of my spouse's.  Line 4b is now correct!  Spooky!

[macuser_22]

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@fishing4fun wrote:

Thanks.  After trying everything recommended, I still get a strange result.  Background: I have wife's IRA RMD with a QCD and a beneficiary IRA RMD with no QCD.  When entering these amounts, Line 4b shows the total of the two IRA RMD's less the one QCD.  Which I believe is the correct taxable amount for these two IRA withdrawals.  "QCD" also appears on Line 4b.  The problem occurs with a third IRA withdrawal: I have changed my birthdate, and TurboTax asks about whether my IRA is a RMD and a QCD.  I enter the information.  Normal distribution "7" and Simple IRA "X".   Line 4a reflects the total withdrawals for the three IRA's.  Line 4b shows "QCD."  However, Line 4b shows the QCD for the third IRA withdrawal rather than Line 4a less the two QCD's.  I have examined all of the underlying worksheets and forms and all the data appears correct.  I cannot find a place to see where Line 4b calculation.   Is there a way to manually change Line 4b?  By the way, even though the third IRA withdrawal is not an RMD, I checked that box and it did not change the result.  

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I cannot reproduce that.   I suggest deleting all 3 1099-R's.    Change your DOB first if it falls into the range of not asking the question and re-enter the 1099-R's.

Be sure to answer the RMD question that it was NOT required for all 3, since there was no 2020 RMD (but that should not affect the QCD.)

When I enter 3 1099-R's 2 for the spouse (one inherited) and 1 for the taxpayer the QCD amount is correct.

[macuser_22]

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@fishing4fun wrote:

Another test, I rearranged the order in which I entered my 1099R.  I put mine ahead of my spouse's.  Line 4b is now correct!  Spooky!

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I posted before I saw your post.  

I cannot explain  that but don't fight success!!!

[rwright12379]

I called TurboTax 2 weeks ago.  It is wrong that they  have not made this a priority.  This is a problem for a lot of people. IF not fixed, it will cost me $2600.   Does anyone know if Tax Act or other software has figured this out?

[dmertz]

The workaround provided above is sufficient to allow you to use TurboTax to file an accurate tax return with regard to QCDs, so failure of TurboTax to fix this bug in a timely fashion will not cost you $2,600.

[67walkon]

I spent an hour and 15 minutes on the phone with the turbo tax expert. She was unaware of this issue and it took an hour and failed attempts by her supervisor to get them to understand it.  She did finally get it and is trying to push it upstairs.  

The answer right now is to wait until they figure out a software update or to just try to do it manually on the forms.  That would mean mailing it in instead of e filing.

I may ask for a refund.

[macuser_22]

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@67walkon wrote:

I spent an hour and 15 minutes on the phone with the turbo tax expert. She was unaware of this issue and it took an hour and failed attempts by her supervisor to get them to understand it.  She did finally get it and is trying to push it upstairs.  

The answer right now is to wait until they figure out a software update or to just try to do it manually on the forms.  That would mean mailing it in instead of e filing.

I may ask for a refund.

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The workaround is simple and does not affect anything else - it only gets TurboTax to ask the question.

2020 TurboTax presently has a bug the prevents it from asking the necessary question for those with birthdates between July 1, 1949 and June 30, 1950. As a workaround for this, with the CD/download version you can provide the QCD-amount information on the 1099-R in forms mode or in any version of TurboTax you can temporarily change your birthdate in TurboTax to something before July 1, 1949, edit the 1099-R form in TurboTax and answer the question asking how much was transferred to charity, then change your birthdate in TurboTax back to your actual birthdate.

This is due to TurboTax implementing the new IRA RMD age from 70 1/2 to 72, but overlooking that the 70 1/2 age for the QCD did not change. The TurboTax QCD question is tied to the RMD question so if you don't get the RMD question you will not get the QCD question either. This should be fixed in a future update - no telling when, but there is no downside to the workaround as long as the correct DOB is changed back after entering the QCD.2020.