Below is the full transcript for the above video.
A qualified charitable distribution, or QCD, is a distribution of funds from your IRA (other than an active SEP or SIMPLE IRA) directly by the trustee to a qualified charitable organization. The charity must be a 501(c)(3) organization and eligible to receive tax-deductible contributions.
To report a QCD, you’ll use a 1099-R form. While entering your 1099-R in TurboTax, be sure to select the correct box 7 distribution code. You’ll then be prompted to confirm the amount donated.




