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Level 2

Question

QCD

Forum|Forum|6 years ago
March 5, 2020
1 reply
10 views

How do I change the taxable RMD amount in line 4b form 1040 to reflect the QCD?

Level 15

Go back to the 1099-R interview - do a Search for 1099-r and click on the jump-to link.

In the 1099-R interview, if you are 70 1/2 or older, on a screen subsequent to entering the 1099-R you will be asked if part or all of this distribution was an RMD. Answer "Yes", if that is the case.

On the screen after asking the RMD amounts, you will be asked if any of the RMD was transferred to a charity. If you answer all or part, then enter the part, TurboTax will remove the all or part QCD amount from line 4b on the 1040.

Do that and come back if you have any questions.

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

Level 2

That worked. Thanks