Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Nov 16, 2022 10:18:26 AM

Can I directly on line give donation from IRA account and qualify 100% tax deductible in RMD

0 3 220
3 Replies
Level 15
Nov 16, 2022 10:20:43 AM

Your donation from your IRA to a specific charity is included in your RMD but you can’t also deduct it as a charitable contribution on Sch A. 

Level 15
Nov 16, 2022 10:25:49 AM

If it qualifies as a QCD qualified charitable contribution it won't be included as taxable income in the first place so you can't deduct it again.  But you still have to enter the 1099R for it.  

 

How to enter a QCD.  You will get a 1099R for it.  See this old answer.  Sorry the screen shots didn't come over from the old forum.

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-do-i-enter-a-stock-donation-to-charity-without-incurring-it-as-income-from-a-1099r/00/513768

Level 2
Nov 16, 2022 10:33:59 AM

Is Oregon state qualify tax deductible 100% for RMD donations