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Client has QCD for Federal return, how is this handled for California return? Do I add back the amount of the 1099-R Distribution to the Additions to Federal Income, and then increase the amount of Charitable Contributions on the Schedule A calculation on the Adjustments Pages?
Thanks in advance for your answer(s).
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I was under the impression that CA conformed to the Feds on this (Ive never adjusted for it)...but I dont have a cite for you.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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No adjustment is needed for QCD on the CA return.
R&TC §17501 stipulates that, except as provided, CA conforms to Subchapter D of Chapter 1 of Subtitle A of the IRC, under which §408 resides. Since that section does not included any special provision for §408(d)(8), no adjustment would be necessary.
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