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custy45
New Member

Where do I enter charitable contribution I made from RMD?

 
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Where do I enter charitable contribution I made from RMD?

1)  Was it from an actual IRA account?

 

....1a)  if sent directly from the IRA account to the charity, then it's called a QCD, and you enter that information as part of the follow-up questions right after you enter the 1099-R for that IRA distribution....then those $$ are removed from taxable income.  In this situation you Do Not also take a charity deduction for it...it's already accounted for. [apparently also a valid QCD if your IRA allows check writing and you wrote a check  to the charity...A check Which directly debits the IRA account]]]

 

...1b)  If you received the $$ yourself, and then wrote a check or debit from your personal account, then it's just a normal charity donation on the Deductions&Credits page

 

2)  Donation from any other type of retirement plan??  Whether direct  (if any allow that) or you write a separate check....Then it's just a charity donation on the Deductions&Credits page

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Not sure why they haven't allowed a QCD from a 401k/TSP plan...maybe they will some year.   (oh Yeah..they want taxes)

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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