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Level 2
November 17, 2019
Solved

QCD from IRA

  • November 17, 2019
  • 1 reply
  • 15 views

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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Best answer by Bill289

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

1 reply

IntuitBettyJo
Community Manager
November 19, 2019

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

Betty Jo
Bill289AuthorAnswer
Level 2
November 20, 2019

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