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

 
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3 Replies

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

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. 

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

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-...

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

Is Oregon state qualify tax deductible 100% for RMD donations

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