Answered: Re: QCD from IRA

Bill289 · ‎11-17-2019

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.

Bill289 · ‎11-20-2019

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

IntuitBettyJo · ‎11-19-2019

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

Bill289 · ‎11-20-2019

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

QCD from IRA

©1997-2024 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.