Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Re: QCD - Is it taxable to the exempt church who files 990-T only.
QCD - Is it taxable to the exempt church who files 990-T only.
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Christine384
Level 2
09-02-2020
12:11 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I just need to know if a QCD is taxable to the exempt church who files 990-T only.
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
sjrcpa
Level 15
09-02-2020
12:42 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
No. Churches (and all tax exempt organizations) do not pay tax on donations received.
If they got a 1099-R it wasn't done as a QCD, but it is still not taxable.
The more I know, the more I don't know.
