Qualified Charitable Distributions

Forum|Forum|3 years ago
February 28, 2023
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ChenowethAuthor

Level 2

I am replying to myself since I didn't have an opportunity to actually post anything.

Here's the problem. I have several accounts from which I receive RMDs. In some, the RMD and the QCD are the same, so the taxable amount is 0. TurboTax gets balled up when I enter zero in the taxable - gives an error re needing prior excess traditional IRA contributions when I run the final error check. It also seems to double the amount of the QCD though I'm not sure about that. A different account in which the RMD and the QCD are not the same has no problem when I enter the RMD minus the QCD amount in the Taxable box - no error and it gets the QCD amount correctly.

jforhann

Level 2

my return rejected because of QCD calculated error. TT said no errors on return and return due March1 but error won't be corrected till after march10.