lisaj
Level 2
01-31-2021
08:03 AM
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THANKS - I GOT THE ANSWER AND WORKED IT OUT WITH THE CLIENT
Best Answer Click here
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Level 15
01-31-2021
08:24 AM
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Are they allowed to do a QCD if they arent 70½ ?
Or is it considered just a regular charitable contribution that you put on Sch A?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
lisaj
Level 2
01-31-2021
08:31 AM
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That is exactly what I thought and tried to explain to my client:-)
Level 15
01-31-2021
08:35 AM
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Im pretty sure it has to be an RMD, and if they havent reached 70½ (or 72 now since they raised the age) then its not an RMD.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 15
01-31-2021
08:43 AM
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If you put your mouse cursor in the QCD box on the 1099R worksheet and hit the yellow ? on the toolbar, you'll find this to show your client...sometimes it helps to have it in writing for them to believe you
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 15
01-31-2021
11:00 AM
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@lisaj just curious what code is in box 7