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New Member
posted Mar 19, 2025 2:11:14 PM

is option available on online Turbotax isDeluxe version to enter QCD amount?

2023 cd version of TurboTax asked if there were QCD deduction and asked to enter the amount. same option available on online versions in 2024?

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1 Replies
Expert Alumni
Mar 24, 2025 9:42:07 AM

Yes. When you enter your 1099-R continue to the screen Do any of these situations apply to you? select I transferred all or part of this money directly to charity.

 

A qualified charitable distribution (QCD) is a distribution from an IRA made directly by the trustee of the IRA to a qualified charity. A QCD reduces the amount of your IRA distribution that you are required to recognize as income.

You must be at least 70 1/2 years old on the day of the distribution.