Why doesnt IRA entry ask re QCD distrib, so nontaxable? Taxpayer Birthdate is correct 7/2/49 and 1099-R notes distribution is from an IRA. Using Premier Online. Fix?

[dmertz]

All versions of 2023 TurboTax handle QCDs correctly.

If the Form 1099-R has code 4 or 7 in box 7, has the IRA/SEP/SIMPLE box marked and the recipient of the Form 1099-R was born on or before July 1, 1953 as indicated in the Personal Info section, 2023 TurboTax will provide the opportunity to indicate how much of the distribution was QCD.  In the online version of TurboTax on the Do any of these situations apply to you page, TurboTax will provide a checkbox to mark to indicate that the amount shown on the Form 1099-R includes a QCD.  The CD/download version of TurboTax will explicitly ask if any amount was transferred to charity.   TurboTax will exclude the QCD amount from the amount on Form 1040 line 4b with the "QCD" notation next to the line.

[AtlBEARDIE]

This is not completely fixed, at least in the desktop version of Turbo Tax 23. My husband turned 70-1/2 in early Dec. '23. He made a QCD from his Rollover IRA in late Dec. '23. According to IRS reg. it qualifies as a QCD since he was 70-1/2.  I answered the questionnaire in TurboTax, correctly indicating this was a QCD. Nevertheless, the amount of the QCD does not appear as an offset to the IRA distribution, in determining Adjusted Gross Income. Neither does it appear as a charitable contribution.

[AtlBEARDIE]

Ignore my comment above. It DID correctly handle it, although it's somewhat hidden. It subtracts it from Line 4a to get to the amount on line 4b, only indicating QCD (but not the amount), off to the side.

[VolvoGirl]

If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it's right. For a QCD, check 1040 line 4b. It should be 0 (unless you have other taxable 1099Rs) and QCD written by it.