I received a Required Minimum Distribution which my Ameriprise person donated to approved 501c3 charities on my behalf. How do I include that information on Turbo Tax?

[shmttaxes]

I already acknowledged that I attended to the RMD in the income section when asked, but was not given the opportunity to clarify that I gave it to charity.

[DavidD66]

A Qualified Charitable Donation (QCD) can be counted toward satisfying your required minimum distributions (RMDs) for the year, as long as certain rules are met.  While the QCD amount is not taxed, you may not then claim the distribution as a charitable tax deduction.

Here are the requirements for making QCDs:

• You must be 70½ or older to be eligible to make a QCD.
• QCDs are limited to the amount that would otherwise be taxed as ordinary income. This excludes non-deductible contributions.
• The maximum annual amount that can qualify for a QCD is $100,000. This applies to the sum of QCDs made to one or more charities in a calendar year. (If, however, you file taxes jointly, your spouse can also make a QCD from his or her own IRA within the same tax year for up to $100,000.)
• For a QCD to count towards your current year's RMD, the funds must come out of your IRA by your RMD deadline, generally December 31.
• Any amount donated above your RMD does not count toward satisfying a future year's RMD.
• Funds distributed directly to you, the IRA owner, and which you then give to charity do not qualify as a QCD.

You report a QCD in the 1099-R entry section.

1. After entering the 1099-R details, there are a series of screens with questions about the distribution.  You need to go through all the screens/questions. Do not exit the 1099-R entry section before answering all the questions.
2. When asked "Did you transfer all or part of this money directly to charity?", select Yes.
3. Enter the exact amount of the distribution that was transferred directly to the charity.
4. TurboTax will report the full distribution on Form 1040, Line 4a, but will not include the QCD portion in the taxable amount on Line 4b.

[SteamTrain]

@shmttaxes 

IF the questions didn't ask about an amount distributed to charity....

Go thru the 1099-R form again.

1)  The 1099-R has to be for an IRA (or SEP or SIMPLE plans, with a certain restriction).  Other pension types are not eligible for making a QCD.

2)   so the box IRA/SEP/SIMPLE must be checked on the 1099-R form itself....and on the software form in TTX.

3) then, once you are sure that box is checked in the software continue thru all the follow-up questions again.  On my desktop software, the transfer to charity question shows up in the middle of a long list of checkboxes on a page right after asking if the plan was a Qualified or Non-qualified plan.  (online software may have a slightly different Q&A sequence)