- Go to Screen 1, Client Information.
- Scroll down to the Taxpayer Information section.
- Make sure the Date of Birth field is entered correctly.
- The taxpayer must be 70 1/2 or older.
- Go to Screen 13.1, Pensions, IRA Distributions (1099-R).
- Scroll down to the Form 1099-R section.
- Make sure there's an entry for (2a) Taxable amount.
- Make sure the IRA/SEP/SIMPLE box is checked.
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12-05-2019
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Follow these steps to enter an IRA distribution as a qualified charitable deduction:
- Go to Screen 13.1, Pensions, IRA Distributions (1099-R).
- Click on Add or select the appropriate payer from the left navigation panel.
- Under the Payer Information section complete the applicable fields.
- Scroll down to the Form 1099-R section.
- Enter the applicable amounts as reported on the 1099-R.
- Check the IRA/SEP/SIMPLE box.
- Scroll down to the Other Information section.
- Locate the Charitable IRA Distributions subsection.
- Enter the amount of charitable contribution in IRA distributions transferred to qualified charity.
- This entry will reduce the amount on 1040, line 4b by the amount entered and print "QCD" beside it.
If "QCD" doesn't appear on Form 1040:
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