You would enter the information through the 1099-R section. As you proceed through the interview, you will be able to elect this.
The 1099 R will be entered in the Retirement Plans and Social Security section.
• Select Federal Taxes
• Select Wages and Income
• Select Show More at Retirement Plans and Social Security
• Select IRA, 401(k), Pension Plan Withdrawals (1099-R)
Can I make a QCD?
While many IRAs are eligible for QCDs—Traditional, Rollover, Inherited, SEP (inactive plans only), and SIMPLE (inactive plans only)* —there are requirements:
You would enter the information through the 1099-R section. As you proceed through the interview, you will be able to elect this.
The 1099 R will be entered in the Retirement Plans and Social Security section.
• Select Federal Taxes
• Select Wages and Income
• Select Show More at Retirement Plans and Social Security
• Select IRA, 401(k), Pension Plan Withdrawals (1099-R)
Can I make a QCD?
While many IRAs are eligible for QCDs—Traditional, Rollover, Inherited, SEP (inactive plans only), and SIMPLE (inactive plans only)* —there are requirements:
For box 7, select code 7 (normal distribution) unless you know otherwise. Ideally, you contact the payer and get a corrected 1099-R, showing a box 7 code.
After entering the 1099-R, follow the interview. You will be asked how much of the distribution was for QCD.
This is no additional IRS form for reporting a Qualified Charitable Distribution (QCD). After the following the instructions, in ColeenD3's post, TurboTax will enter the total distribution on line 4a of form 1040 and the taxable amount on line 4b. It will put the code "QCD" on the dotted line between the two boxes (lines).
It's likely that box 7 of this Form 1099-R actually does have a 7 in box 7 but was just overlooked because the code is the same as the box number. It's not uncommon for people to make this mistake when looking at the form.
I did as instructed by Coleen BUT, the place to put my wife's QCD donation was very different than the box where I put my own QCD. I juggled my wifes numbers so they came out. Is this OK ?