3142737
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

djmckinnongolf
Returning Member

How do I indicate a Qualified Charitable Distribution from my IRA in Turbo Tax for year 2023?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
dmertz
Level 15

How do I indicate a Qualified Charitable Distribution from my IRA in Turbo Tax for year 2023?

If you qualify to make a QCD, when entering the Form 1099-R that reports the distribution TurboTax will ask if you had any of the distribution transferred to charity.  TurboTax will exclude from From 1040 line 4b with the "QCD" notation the amount that you indicate.

 

To be eligible to make a QCD you are required to have been age 70½ or over at the time of the distribution from the traditional IRA.  Make sure that you have marked the IRA/SEP/SIMPLE box in agreement with the marking on the Form 1099-R provided by the payer.

DMarkM1
Expert Alumni

How do I indicate a Qualified Charitable Distribution from my IRA in Turbo Tax for year 2023?

As dmertz states assuming you qualify, after entering/editing the 1099-R form information and the IRA box is checked, you will arrive at a page titled "Do any of these situations apply to you?"  Check the box indicating "I transferred all or part of this distribution to charity".  This will open the proper interview for you to enter the charitable amount. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question