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    Qcd

    I have not done a QCD return for a while and need a refresher please...the RMD was directly paid to the charity...the 1099 says it was all taxable, but box checked for taxable amount.
    Do I include it as all as taxable and then use it as a donation? She also had many other donations, so sure it will lead to carryovers for next year.

    #2
    No. Enter the 1099. Then, depending on your software, find the line or pop-up or tab or whereever to enter the QCD amount. Your software should take it from there. What software do you use?

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      #3
      I use Taxslayer PRO...thanks I knew had to take it off somehow, but was forgetting how to do it.

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        #4
        I found that QCD line...marked it yes and now it wants to take all of the amount instead of the QCD portion of the total...maybe a software tech question at this point.
        The total was 18000, but only 11000 was QCD.

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          #5
          In my software (Taxwise) you enter the 1099-R amount as both gross & taxable first, then scroll down and enter
          the amount of the QCD. If this is done correctly lines 4-a & 4-b of the 1040 should differ by the QCD amount.

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            #6
            Your software will have a place to enter the QCD amount of $11,000. Contact Taxslayer PRO support if you can't find it.

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              #7
              Your software should have a line where you enter the AMOUNT of the QCD, which is not necessarily the same as the taxable amount shown on the Form 1099-R.
              Once you do that, the taxable amount on the Form 1040 will be reduced, and the letters "QCD" automatically entered on the same line of the Form 1040.

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                #9
                I'm guessing you've figured this out by now. I just did one using Drake and there was a separate tab adjacent to the 1099-R input tab for "Special Tax Treatment". I could check elect all of it to be a QCD or input the partial amount.

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