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QCD from IRA

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Bill289
Level 1

Are QCD's from IRA being computed in the current version of the software. Amount of QCD entered in input sheet is not reducing taxable IRA distributions.

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Bill289
Level 1

BettyJo

  The QCD is now being shown properly and the taxable amount has been reduced by the QCD. Found that the IRA/Simple/etc box had become un-checked on the 1099R input screen. My error. Thanks.

Bill289

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2 Replies 2
Community Manager
Community Manager

Hi @Bill289 

The current version of the software should be handling it correctly.  Here is an article that may be of some assistance, to ensure you are taking the correct steps to input. 

Cheers! 

Betty Jo

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Bill289
Level 1

BettyJo

  The QCD is now being shown properly and the taxable amount has been reduced by the QCD. Found that the IRA/Simple/etc box had become un-checked on the 1099R input screen. My error. Thanks.

Bill289

View solution in original post

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