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posted Feb 15, 2025 9:22:48 AM

RMD to QCD

I have completed my 2024 tax return using TurboTax. I had two RMD withdrawals whose full amount was sent to a QCD. I included that fact in the software income section when it asked this question and for the amounts. When I look at my completed screen for income, both RMDs still show as income and I see no section anywhere in the return where I receive credit for these QCD donations.

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1 Replies
Level 15
Feb 15, 2025 9:36:07 AM

If you are looking at a summary screen or review screen those show all the full amounts as income and lump a lot of stuff together. You need to check the actual 1040 line 4b or 5b and make sure it's right.

 

A IRA QCD should be 0 on 1040 line 4b and QCD written by it.  Unless you have other 1099R taxable amounts on 4b.