Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Products
  • Workflow Tools
  • Learn & Support
  • Sign In
  • Products
  • Workflow Tools
  • Contact Us
  • Sign In
  • Learn & Support
    • Created with Sketch. We apologize for the inconvenience: Our community is currently in read-only mode while we perform essential maintenance. Some features may be temporarily unavailable. We’re working hard to restore full access as quickly as possible.
    Created with Sketch. We apologize for the inconvenience: Our community is currently in read-only mode while we perform essential maintenance. Some features may be temporarily unavailable. We’re working hard to restore full access as quickly as possible.
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 

    QCD from IRA

    Bill289
    Level 2
    ‎11-17-2019 01:00 PM

    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.

    0 Cheers

    This discussion has been locked. No new contributions can be made. You may start a new discussion here

    1 Best Answer

    Accepted Solutions
    Bill289
    Level 2
    ‎11-20-2019 09:29 AM

    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

    View solution in original post

    0 Cheers
    2 Comments 2
    IntuitBettyJo
    Community Manager
    Community Manager
    ‎11-19-2019 12:42 PM

    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

    0 Cheers
    Bill289
    Level 2
    ‎11-20-2019 09:29 AM

    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

    0 Cheers


    Intuit Lacerte Tax
    Intuit ProConnect Tax
    Intuit ProSeries Tax
    Additional Accounting Solutions
    Tax Pro Center
    Tax Practice Resources
    Call sales: 844-877-9422
    Sitemap

    ©1997-2025 Intuit, Inc. All rights reserved.

    Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

    By accessing and using this page you agree to the Terms and Conditions.

    About Cookies | Manage Cookies
    Legal Privacy Security