2020 QCD

[knirf1]

How do I handle 2020 traditional IRA 1099-R income in Turbotax where the income is a mix of non taxable qualified charitable distribution (QCD) and taxable IRA withdrawal. Turbotax is giving me no help on the QCD topic. No QCD questions are asked. Do I need to get two separate 1099-R forms that separate the taxable from non taxable pieces?

[LinaJ2020]

If you are using TurboTax free edition, you would need to upgrade to Deluxe edition.  It will show under one of the uncommon situations on the screen.  See image

I have already submitted a request for fix.  

[knirf1]

I was able to get Basic free version of Turbotax to respond correctly. I opened the Form 1099-R for that IRA withdrawal. Midway down through that form is a section for RMD and QCD. I entered the dollars associated with the charity there and then it correctly showed up on Form 1040.

[Rockfhome]

Does the Home & Business version have the option to indicate QCDs from an IRA.  I can't find a question asking if any amount on my 1099R has been used as for charitable donations.

[SamS1]

Yes it does, In Home & Business, you need to go into forms mode.  In the upper right of the top margin click Forms.  From there:

• Find the 1099R you entered in the right hand column
• Click to open the form
• Scroll down till you find "Charitable Distribution Deduction" and enter the amount that was distributed to the Charitable Organization
• When finish Click "Step by Step" to go back to the data entry screens.

You are allowed QCD for 2020 is $100,000.