topic What should be the taxable income on a 1099r solely for QCDs? in Retirement tax questions

What should be the taxable income on a 1099r solely for QCDs?

tcpms — Mon, 03 Jun 2019 23:36:48 GMT

I entered 0 but when turbotax reviewed it, it is insisting on an explanation for 'return of prior year excess traditional ira contributions'

What did I do wrong in entering the 1099r for the QCDs? I haven't made an ira contribution in 20 years!

Sounds like you messed up on a question on the follow up...

Critter — Mon, 03 Jun 2019 23:36:51 GMT

Sounds like you messed up on a question on the follow up screens ... so I would delete the 1099-R and re enter it again and if box 2a is blank then leave the screen box blank and make sure to address the QCD question when it comes up.

The message that you are receiving is the result of you m...

dmertz — Mon, 03 Jun 2019 23:36:53 GMT

The message that you are receiving is the result of you mistakenly entering $0 in box 2a of TurboTax's 1099-R form. A Form 1099-R with code 7 in box 7 and the IRA/SEP/SIMPLE box marked reporting a regular distribution must always have an amount in box 2a equal to the amount in box 1.

You can only make a QCD after you have reached age 70½. The indication that you had the custodian transfer money from an IRA to charity is made in the questions that follow the entry of the details of the Form 1099-R. TurboTax will exclude the QCD amount from the amount on Form 1040, line 4b and will include the notation "QCD" next to the line.

the suggestion resolved the issue. Thanks for the incredi...

tcpms — Mon, 03 Jun 2019 23:36:54 GMT

the suggestion resolved the issue. Thanks for the incredibly QUICK response!

Re: The message that you are receiving is the result of you m...

chitowncrystal44 — Tue, 08 Oct 2019 17:14:49 GMT

where are these questions? They did not come up on the free version of 2017...Is there a 2019 ready yet?

Re: The message that you are receiving is the result of you m...

dmertz — Tue, 08 Oct 2019 18:08:37 GMT

Questions specific to the entry of a Form 1099-R immediately follow the entry of the details of the Form 1099-R and clicking the Continue button. Follow-up questions relating to your Forms 1099-R overall appear after clicking the Continue button on the Your 1099-R Entries page.

Re: The message that you are receiving is the result of you m...

mdolan8608 — Mon, 08 Feb 2021 19:03:35 GMT

I am not getting the questions about QCD . What am I doing wrong?

Re: The message that you are receiving is the result of you m...

MarilynG1 — Mon, 08 Feb 2021 19:40:15 GMT

You may need to Delete/Re-Enter your 1099-R to get the proper screens to come up for your QCD distribution.

Click this link for more info on Reporting a QCD Distribution.