topic How do I account for my QCDs off my RMD/ IRAs? in Retirement tax questions

How do I account for my QCDs off my RMD/ IRAs?

JedBeth2020 — Wed, 25 Feb 2026 19:06:42 GMT

My question is not answered. How do I account for my QCDs off my RMDs?

Re: How do I account for my QCDs off my RMD/ IRAs?

MinhT1 — Wed, 25 Feb 2026 19:08:21 GMT

While entering your form 1099-R, if you have entered a birth date which makes you older than 70 1/2 in the tax year, TurboTax will ask you if any portion of your distribution was transferred to charity. Answer Yes to that question and you can then enter the amount transferred to charity.

The code in box 7 of form 1099-R must be 7 and the box IRA/SEP/SIMPLE must be checked.

TurboTax will then reduce the taxable amount by the amount transferred to charity.

Re: How do I account for my QCDs off my RMD/ IRAs?

VolvoGirl — Wed, 25 Feb 2026 19:10:11 GMT

You fill out the 1099R exactly as shown. For 2025 there might be a new code Y on the 1099R for QCD. The IRS does not require financial institutions to use code Y to report QCDs yet, instead making the use of code Y optional. I got my 1099R from Vanguard for my QCD and it only had code 7 in box 7.

If you are over 70 1/2 then after you enter the 1099R keep going. In my Desktop program one of the next screens will say…Do any of these situations apply to you with a list. The 7th item is "I transferred all or part of this money directly to charity". Check that and the next screen will be either for RMD info or ask how much was transferred to Charity. Just keep going though all the screens.

For a QCD, check 1040 line 4b. It should be 0 (unless you have other taxable 1099Rs) and the QCD box checked. The code in box 7 of form 1099-R must be 7 and the box IRA/SEP/SIMPLE must be checked. You can’t do a QCD from a 401K.