turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

merapata2
New Member

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?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MayaD
Expert Alumni

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

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question