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Level 2
March 2, 2022
Question

How to get IRA QCD from inherited IRA to show up?

  • March 2, 2022
  • 1 reply
  • 10 views

Client takes RMD from inherited IRA.  She takes a total of $81,000, $70,000 is sent directly from the broker to various qualified charities.  I mark the $70,000 as QCD on the input form, but it doesn't show.  The system just takes the whole $81,000 as taxable.  I think it's because taxpayer is not 70 1/2, but that should not matter if from a beneficiary IRA.  How do I get the program to deduct the $70,000?

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1 reply

rbynaker
Level 13
March 3, 2022

You must be 70 1/2 or older to qualify for a QCD.