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How to mark an IRA distribution as a qualified charitable deduction (QCD) in ProConnect

SOLVED•by Intuit•21•Updated almost 2 years ago

This article will assist you with marking an IRA distribution as a qualified charitable deduction (QCD) in Intuit ProConnect.

Follow these steps to enter an IRA distribution as a qualified charitable deduction:

  1. Go to the Input Return tab.
  2. From the left of the screen, select Income and choose Pensions, IRAs (1099-R).
  3. Click the blue Details button to expand the input screen.
  4. Under the Payer Information section, complete the applicable fields.
  5. Scroll down to the Form 1099-R section.
  6. Enter the applicable amounts as reported on Form 1099-R.
  7. Mark the checkbox labeled (7) IRA/SEP/SIMPLE.
  8. From the top of the screen, select Other Information.
  9. Locate the Other Information section.
  10. Scroll down to the Charitable IRA Distributions subsection.
  11. 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.
  1. From the left of the screen, select General and choose Client Information.
  2. Scroll down to the Taxpayer Information section.
  3. Make sure the Date of Birth field is entered correctly.
    • The taxpayer must be 70 1/2 or older.
  4. From the left of the screen, select Income and choose Pensions, IRAs (1099-R).
  5. Click the blue Details button to expand the screen.
  6. Scroll down to the Form 1099-R section.
  7. Make sure there's an entry for (2a) Taxable amount.
  8. Make sure the (7) IRA/SEP/SIMPLE box is checked.

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