TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Solved

Qualified Charitable Distribution

Forum|Forum|5 years ago
January 30, 2021
7 replies
32 views

I turned 70 1/2 in 2020. I was not required to take an RMD because of age change requirement in law. I am able to take a Qualified Charitable Distribution because that age did not change even though I was not required to take RMD. After filling in 1099-R I was not asked if I transferred this to charity. How do I enter this in Turbo Tax 2020?

Best answer by dmertz

For those with a birthdate between July 1, 1949 and June 30, 1950, 2020 TurboTax presently (now version R15.1) has a bug the prevents it from asking the necessary question regard transfer of the distribution to charity. As a workaround for this, with the CD/download version you can provide the QCD-amount information on the 1099-R in forms mode or in any version of TurboTax you can temporarily change your birthdate in TurboTax to something before July 1, 1949, edit the 1099-R form in TurboTax and answer the question asking how much was transferred to charity, then change your birthdate back in TurboTax back to your actual birthdate.

dmertzAnswer

Level 15

SteamTrain

Level 15

@dmertz

I just discovered this as a problem, both Desktop and Online software, before I saw your post.

Do you know if anyone, CHAMPs or other, passed it up the line to Moderators for software folks to correct?

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

dmertz

Level 15

I believe that @macuser_22 passed it along, but I'm not sure. It seems that the developers are still swamped with updating 2020 TurboTax for tax code changes and have given essentially no attention to bug reports.

Arizonie

Level 2

I am having this same problem, but my birthdate is not in the range mentioned. I entered an amount from my 1099-R that represents a QCD but was not asked about its tax status, and TurboTax is treating it as a taxable distribution. Therefore the proposed "fix" to change my birthdate does not apply and does not correct the problem.

macuser_22

Alumni - Champ

@Arizonie wrote:

I am having this same problem, but my birthdate is not in the range mentioned. I entered an amount from my 1099-R that represents a QCD but was not asked about its tax status, and TurboTax is treating it as a taxable distribution. Therefore the proposed "fix" to change my birthdate does not apply and does not correct the problem.

What code is in box 7 on your 1099-R?

Is the IRA/SEP/SIMPLE box checked?

Are you over age 70 1/2?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Arizonie

Level 2

Here are the requested answers:

What code is in box 7 on your 1099-R? 7

Is the IRA/SEP/SIMPLE box checked? yes

Are you over age 70 1/2? yes

jcalong99

Level 2

I am 75 yrs old, donated $3500 to charities, processed the donations thru a broker from my ira account and identified them in my turbo tax filing. I only received credit for $300. i took standard deduction. Why didn't i get credit for the full $3500 ?

VolvoGirl

Level 15

It should have reduced the taxable amount of your 1099R on line 4b. You should not enter it again under Deductions.

SlimJim

Level 2

I did one this year and last year and its not popping up from mt 2019 TurboTax/

rj8004

Level 2

How do I reflect a QCD on the 1099-R entries? I indicated that $40,000.00 of $89,107.89 was paid directly to a charitable organization, but the full $89,107.89 still showed up as taxable income.

VolvoGirl

Level 15

If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it's right.

tesinger42

Level 2

How do I enter the QCD amount from my IRA into Turbo Tax Premier?

dkaegi

Level 2

The only way I was able to do it was enter it into the schedule manually. I could not find a question in the easy step process that allowed me to do it.

tesinger42

Level 2

I am 79. How do I enter the QCD amount from my IRA in Turbo Tax Premier?