Question

Qualified Charitable Distribution

Forum|Forum|6 years ago
April 12, 2020
1 reply
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TurboTax imported the Required Minimum Distribution from my IRA. However, there isn't any place where it allows me to then reduce that amount by the amount of Qualified Charitable Distributions. Does anyon e have an answer to this? Thanks.

D

DanaB27

After you enter/import your 1099-R TurboTax will ask if any portion of your distribution was transferred to charity if:

your birthdate entered into TurboTax indicates that you were at least age 70½ by the end of the tax year,
the Form 1099-R has code 7, and
the IRA/SEP/SIMPLE box is marked.

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