When does the QCD from an IRA RMD as a reduction in income?

[paulaoneal]

I answered all the questions and the total RMD is still showing up as income even thought my broker made QCD from the RMD.

[SweetieJean · Accepted solution]

If you are over 70 1/2 (a requirement to make a QCD), the program asks during the IRA portion of the interview whether a portion was a QCD.

Make sure the IRA/SEP/SIMPLE box to the right of Box 7 is checked.

The TT Income Summary just lists the gross numbers, and is only FYI. Look at your actual tax return. Also note that not all states recognize QCD's, so you may still owe State taxes.