#9942

[#1]

IRA charitable distributions in excess of the otherwise taxable amount of distributions were included in Schedule A as a charitable gifts by cash or check.

[Genno]

When the QCD of $6,000 is removed from taxable income in Lacerte, the amount is being deducted from the IRA tax basis on Form 8606 regardless of whether the taxpayers are able to use the itemized deductions as a result of the addition of the $6,000 amount to charitable deductions or only qualifying for the standard deduction without the $6,000 QCD.  Why would the reduction in basis result in both cases and the full amount of the QCD reduce basis in both cases?

[sjrcpa]

Why wouldn't an IRA distribution, whether or not it went to charity, reduce the basis in the IRA?