You'll need to sign in or create an account to connect with an expert.
To enter your Qualified Charitable Contribution:
You'll use the 1099-R (even though there's no indication that it was a QCD). Enter the info as a 1099-R and you'll be asked in one of the follow-up questions if it was a Qualified Charitable Distribution.
A qualified charitable distribution (QCD) is a distribution of funds from your IRA (other than an active SEP or SIMPLE IRA) directly by the trustee to a qualified charitable organization. It satisfies all or part of your required minimum distribution (RMD) for the year.
To enter your Qualified Charitable Contribution:
You'll use the 1099-R (even though there's no indication that it was a QCD). Enter the info as a 1099-R and you'll be asked in one of the follow-up questions if it was a Qualified Charitable Distribution.
A qualified charitable distribution (QCD) is a distribution of funds from your IRA (other than an active SEP or SIMPLE IRA) directly by the trustee to a qualified charitable organization. It satisfies all or part of your required minimum distribution (RMD) for the year.
I was not provided with a QCD screen. I have scrolled through it many times. Thanks.
I just found the box I needed to check to be sent to the next screen where I could give the information about my Qualified Charitable Distribution. The 1099-R I received from my IRA provider indicated only that I had taken a distribution from my IRA. It also stated that the taxable amount was not determined. So when I entered this 1099-R in Turbo Tax it showed it as a taxable distribution. The following screen listed about 9 questions about that distribution. One of them was, "Was any amount of this distribution given to charity?" That was the box I had originally missed. Once I clicked on that box, it took me to the screen where I could enter the information about the charitable distribution. Then the full amount became exempt from taxation.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lmiceli
New Member
branden381
New Member
user17728174489
New Member
DALester22
New Member
trader1031
New Member