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decassity
New Member

direct charitable deductions from ira

where do I list the amount of direct charitable distributions from an ira in the turbotax program

 

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SharonD007
Employee Tax Expert

direct charitable deductions from ira

To enter your direct Qualified Charitable Deduction that's reported on your 1099-R, follow the steps below:

 

  1. Select Federal
  2. Select Wages & Income
  3. Scroll down to Retirement Plans and Social Security
  4. Select Start by IRA, 401(k), Pension Plan Withdrawals (1099-R)
  5. Add your 1099-R.

Refer to the TurboTax Help article  Where do I enter my 1099-R? for more details.

 

TurboTax will ask you a series of questions regarding your distribution after you enter your 1099-R.
 

  1. Select I transferred all or part of this money directly to charity on the Do any of these situations apply to you? Screen.
  2. Enter the amount that was transferred directly to charity when you get to that screen.

 

You will get a screen that tells you the amount of your retirement distribution that is designated as a nontaxable Qualified Charitable Distribution (QCD).

 

The full amount of the distribution that's reported on your Form 1099-R will be on line 4a (IRA Distributions) of your Form 1040 or 1040-SR. The taxable amount reported on Line 4b will be the total distribution less the QCD amount and will have "QCD" entered next to it.

 

Refer to the TurboTax Help article What is a Qualified Charitable Distribution? for more information.

 

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