1099-R

cwebberjr — Tue, 18 Feb 2020 20:07:04 GMT

I received form 1099-R from a financial agency accounting for 100% of my IRA withdrawals made in tax year 2019. However, only 55% of the withdrawals is taxable since 45% was designated for charitable donations. I have a letter in hand confirming that the church received their stated amount. How do I report this in TurboTax? Can I enter the lowered taxable amount in box 2a, noting that box 2b is already checked (taxable amount not determined)? When submitting my form 1040 forms electronically (Fed and State), how do I supply documentation to the IRS that the designated charity received their money? How might I attach a PDF? I am retired and older than 70.5 years.

Re: 1099-R

dmertz — Tue, 18 Feb 2020 20:19:02 GMT

No, you must not modify the details of the Form 1099-R. If you were over age 70½ and the Form 1099-R has a code 7 in box 7 with the IRA/SEP/SIMPLE box marked, TurboTax will ask if you had any of the money transferred to charity. Enter the dollar amount and TurboTax will exclude this amount from the amount it would otherwise show on Form 1040 line 4b. TurboTax will also include the notation "QCD" next to line 4b.

There is no need to include the documentation showing receipt of the contribution by the charity. Just keep it with your tax records.

topic 1099-R in Retirement tax questions

1099-R

Re: 1099-R