QCD

[egavasm]

My 1099R was auto uploaded to the turbotax.  My institution does not record the QCD on their forms even though they acknowledge making the payment and say that it is my responsibility to report it.  How do I report it on turbotax?   Am I supposed to change the figures they report?  I have not found any way on TurboTax to make the report.

[VolvoGirl]

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.   There is a screen for common situations.  QCD is in the list.  TurboTax will ask you if any portion of your distribution was transferred to charity. You can then enter the amount transferred to charity.

[Bsch4477]

Delete the 1099 and enter it manually to get the prompt to say what part of the 1099 is QCD.