Tracy Lee Posted March 14, 2024 Report Posted March 14, 2024 T.P. received a 1099R for gross and taxable amount of $10,731.32 RMD that he had transferred directly to church for his contribution; he provided the proof so I know it is correct. I know I can deduct that amount on his 1040 and put QCD as qualified charitable distribution to offset it. I have conflicting information. One website says I can offset 100% straight on the 1040 line 15b (huh?) tax book says I have to deduct it off his Sch A on his gifts to charity at 100% there. Which is it? Quote
BrewOne Posted March 15, 2024 Report Posted March 15, 2024 was the money from an IRA? if so, then indicate on the 1099-R worksheet how much was QCD 1 Quote
Tracy Lee Posted March 15, 2024 Author Report Posted March 15, 2024 Excellent! I found that box! thank you! 1 Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.