turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

1099R Distribution from an ira. Half was donated to a charity but the same amount appears in box 1 and box 2a (taxable amount). Will TT let me correct that in the tax preparation?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

1099R Distribution from an ira. Half was donated to a charity but the same amount appears in box 1 and box 2a (taxable amount). Will TT let me correct that in the tax preparation?

Was this for a RMD?  How was it sent to the charity?  Did the IRA send it directly to it?  What code or codes are in box 7?

 

If you got the full amount and you sent half to charity the full amount is taxable and it is a Schedule A deduction.  @dmertz 

 

1099R Distribution from an ira. Half was donated to a charity but the same amount appears in box 1 and box 2a (taxable amount). Will TT let me correct that in the tax preparation?

You put in the whole thing

 

If your age was over 70.5, then there is a followup question on one of the pages that follows the main form, that lets you indicate how much went to the charity.    But the $$ had to be directly transferred to the charity (with  some exceptions).  That will reduce the amount that is reported on line 4b of the form 1040

____________

If you were not over age 70.5 during 2019, then it is all taxable, but you enter the $$ you donated to the charity in the charity donations section.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
Hal_Al
Level 15

1099R Distribution from an ira. Half was donated to a charity but the same amount appears in box 1 and box 2a (taxable amount). Will TT let me correct that in the tax preparation?

Q. Will TT let me correct that in the tax preparation?

A. Yes, if you were over age 70-1/2 at the time of the distribution.

 

Enter the 1099-R, exactly as received.  A follow up question, in the interview, will allow you to enter the amount of the Qualified Charitable Distribution (QCD).  TurboTax (TT) will put the total amount on line 4a of form 1040 with the net taxable amount on line 4b, with the notation QCD. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies