If you are referring to making a Qualified Charitable Distribution (QCD) from your IRA, there is a
provision within TurboTax to take care of this.
TurboTax will take your age into account and determine if
you qualify to make a QCD. After you enter
the information from your Form 1099-R which reports the distribution there will
be some follow-up questions. One of
those questions will be if the distribution was transferred to a qualified
charitable organization. You can choose
either all, part, or none of the distribution was transferred. This will take care of reporting the
distribution correctly on your return.
Click on the picture below for a visual reference of the
screen you will see with regard to the QCD.
To go directly to the section of your return to enter your
Form 1099-R, use these steps:
On the top row of the
TurboTax online screen, click on Search (or for CD/downloaded TurboTax
locate the search box in the upper right corner)
This opens a box where you
can type in “1099-r” (be sure to enter exactly as shown here) and click
the magnifying glass (or for CD/downloaded TurboTax, click Find)
The search results will
give you an option to “Jump to 1099-r”
Click on the blue “Jump
to 1099-r” link and enter your information
