topic Form 8606 for 2024 Desktop version calculates line 7 incorrectly. It subtracts QCD's from the total IRA distribution, when the form clearly states not to do that. in Retirement tax questions

Form 8606 for 2024 Desktop version calculates line 7 incorrectly. It subtracts QCD's from the total IRA distribution, when the form clearly states not to do that.

prtaylor56 — Tue, 03 Feb 2026 10:12:16 GMT

Re: Form 8606 for 2024 Desktop version calculates line 7 incorrectly. It subtracts QCD's from the total IRA distribution, when the form clearly states not to do that.

dmertz — Tue, 18 Feb 2025 00:07:34 GMT

The instructions for Form 8606 clearly state that QCDs are not to be included on Form 8606 (because QCDs can only be made from the individual's pre-tax portion of their IRAs).

Re: Form 8606 for 2024 Desktop version calculates line 7 incorrectly. It subtracts QCD's from the total IRA distribution, when the form clearly states not to do that.

prtaylor56 — Tue, 18 Feb 2025 00:22:59 GMT

Yes, the 8606 instructions say not to include QCD's (as you stated), but Turbotax does include them on Line 7. That is the point, and that is what I explained in my original post that you responded to.

Re: Form 8606 for 2024 Desktop version calculates line 7 incorrectly. It subtracts QCD's from the total IRA distribution, when the form clearly states not to do that.

dmertz — Tue, 18 Feb 2025 00:34:12 GMT

If you were over age 70½ in 2024, when entering the code-7 Form 1099-R with the IRA/SEP/SIMPLE box marked and you indicated to TurboTax the amount that was transferred to charity, TurboTax will exclude that amount from the amount on Form 8606 line 7.

Re: Form 8606 for 2024 Desktop version calculates line 7 incorrectly. It subtracts QCD's from the total IRA distribution, when the form clearly states not to do that.

prtaylor56 — Tue, 18 Feb 2025 01:04:28 GMT

OK - I interpreted the instruction "Do not include QCD's" as "do not include" the QCD's as a subtraction, since they are a subtraction. But I see your interpretation is correct. Thanks