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Why did TurboTax deduct my QCD from the income side, but still included these deductions in the itemized deduction total?

TurboTax correctly deducted my $10,000 QCD from the taxable amount of my IRA withdrawal, but included this $10,000 as an itemized deduction and used the itemized deduction option rather than the standard deduction because it was larger.  This has lowered my federal tax, but I think it is a mistake because these contributions have been counted twice.

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dmertz
Level 15

Why did TurboTax deduct my QCD from the income side, but still included these deductions in the itemized deduction total?

If you reported this amount as a QCD when entering your Form 1099-R, do not also report this same contribution under Deductions & Credits.

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1 Reply
dmertz
Level 15

Why did TurboTax deduct my QCD from the income side, but still included these deductions in the itemized deduction total?

If you reported this amount as a QCD when entering your Form 1099-R, do not also report this same contribution under Deductions & Credits.

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