topic Adjust ira distribution for QCD and take standard deduction, or itemize in Deductions & credits

Adjust ira distribution for QCD and take standard deduction, or itemize

chips29 — Wed, 11 Feb 2026 03:34:18 GMT

I'm using TT Premiere for Windows. I take an RMD from my ira and make QCD's from this account. I think there is a problem with the TT QCD calculation. I entered my QCD amount in the single box as instructed in the INCOME segment, then proceeded to itemize the individual contributions as instructed in the DEDUCTIONS segment. TT concluded that I'm better off itemizing deductions rather than take the standard deduction. When I reviewed my 1040, it appeared that the IRA distribution was adjusted for the QCD amount, then TT applied the itemized deductions from schedule A INCLUDING THE CHARITABLE DEDUCTIONS THAT WERE CONTAINED IN THE QCD AMOUNT. My hand calcs show that taking the standard deduction with the QCD adjustment is greater than taking the itemized deduction. Would someone please check this out. The tax law doesn't allow us to have it both ways!!

Re: Adjust ira distribution for QCD and take standard deduction, or itemize

Mike9241 — Wed, 14 Feb 2024 10:14:07 GMT

Turbotax evidently did not make it clear that QCDs are not again reported as charitable donations on schedule A. remove them.

Re: Adjust ira distribution for QCD and take standard deduction, or itemize

chips29 — Thu, 15 Feb 2024 04:18:05 GMT

Thanks Mike. I was under the misunderstanding that if I entered all my donations and then entered the amount of QCD, TT would run the calcs and determine whether to take QCD + standard deduction or itemize. I guess the simple determinant is whether all non-QCD deductions amount to more or less than the standard deduction,. Thanks again for your help.

Re: Adjust ira distribution for QCD and take standard deduction, or itemize

dmertz — Thu, 15 Feb 2024 14:38:48 GMT

I can't imagine a situation where it would ever makes sense to include a charitable contribution on Schedule A instead of claiming a QCD when the contribution is eligible to be claimed as a QCD. Doing so would never reduce your taxable income and would increase your AGI. I can't think of any situation were it would be beneficial to unnecessarily raise your AGI.