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where do I enter a cheritable donation from my Minimum Required Distribution?

 
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2 Replies
MinhT1
Expert Alumni

where do I enter a cheritable donation from my Minimum Required Distribution?

While entering your form 1099-R, if you have entered a birth date which makes you older than 70 1/2 in the tax year, TurboTax will ask you if any portion of your distribution was transferred to charity. Answer Yes to that question and you can then enter the amount transferred to charity.

 

The code in box 7 of form 1099-R must be 7 and the box IRA/SEP/SIMPLE must be checked.

 

TurboTax will then reduce the taxable amount by the amount transferred to charity.

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rjs
Level 15
Level 15

where do I enter a cheritable donation from my Minimum Required Distribution?

Did you take the entire MRD yourself, and then use some of the money to make a donation to a charity, or did you have the IRA custodian send the donation directly to the charity without the donated money ever being in a non-IRA account of your own? When TurboTax asks if part of the MRD was "transferred to charity," it means that the IRA custodian paid the money directly to the charity. If the MRD went into your own account and you then made a donation to charity, you cannot do what MinhT1 said above.

 

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