WHAT IS THE CORRECT bOX 7 CODE FOR RECORDING CHARIABTLE CONTRIBUTIONS FROM MY IRA

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Here is how to report your Qualified Charitable Contribution QCD within TurboTax using your Form 1099-R:

1. Go to Wages & Income on the left panel within your TurboTax account
2. Click on the +Add more income box
3. Scroll down to Retirement Plans and Social Security and click the down arrow to expand
4. Click Start to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R)
5. Click on +Add a 1099-R (Here, you may import or type in by selecting the Change how I enter my form box
6. On the next screen, you can select Type it in myself, or other options, then Continue
7. Select the box on the top left for Financial institution or other provider (1099-R), then Continue
8. Enter the provider's information, then Continue
9. Enter the details from your Form 1099-R, checking for which Distribution Code was used in Box 7 (or review if imported)
10. Next, check the, I have more than one value in Box 7 box and select Y from the drop down menu (to trigger the QCD questions)
11. Ensure the IRA/SIMPLE/SEP box is checked, then Continue
12. Continue answering the questions, pressing Continue to advance
13. When you reach, Do any of these situations apply to you?, check the box that reads, I transferred all or part of this money directly to charity, Continue