QCD

[dndonar]

When I enter my wife's 1099-R IRA distribution I do not get a question as to whether all or part of the distribution went to a QCD; it all did. Consequently it is showing up as taxable. How do I show that the QCD was made and income is not taxable?

[DanaB27]

For TurboTax to ask if any portion of your distribution was transferred to charity, your wife's birthdate entered into TurboTax must indicate that she was at least age 70½ by the end of the tax year, the Form 1099-R must have code 7, and the IRA/SEP/SIMPLE box must be marked.

[dndonar]

My wife's birthday is correct and she is past 70.5. The distribution code is 7. The current 1099-R does not have either Taxable Amount not Determined nor IRA/SEP/SIMPLE checked.  However, these were not checked last year and the question as to  some or all of the distribution went to a QCD was asked.

[AnnetteB6 · Accepted solution]

As stated by expert DanaB27, the distribution must be from an IRA, the distribution code on Form 1099-R must be '7', and the IRA/SEP/Simple box must be checked in order for TurboTax to recognize that the distribution may qualify as a QCD. 

Otherwise, without that box being checked, the distribution is treated as a retirement plan distribution, not an IRA.  Retirement plans other than IRAs are not eligible for the QCD tax treatment.

If the box is not checked, you need to request a corrected Form 1099-R from your IRA custodian in order to receive the correct tax computation on your return.

[dndonar]

I thought as much re: requesting a corrected 1099-R. Thanks for your responses to my issue.

[fishing4fun]

My 1099 is correct, but TurboTax is still not asking for QCD

[Irene2805]

Some users, with birthdates between July 1, 1949 and June 30, 1950, have reported difficulty entering the QCD.  As a workaround for this:

1. Temporarily change your birthdate in TurboTax to something before July 1, 1949.
2. Edit the 1099-R form in TurboTax and answer the question asking how much was transferred to charity.
3. Change your birthdate in TurboTax back to your actual birthdate.

@fishing4fun