Qualified Charitable Distributions (QCD) with no 1099-R

Forum|Forum|4 years ago
March 2, 2022
4 replies
24 views

I have a client who has several QCDs from the same account; however, the institution who made the distributions does not and will not provide a 1099-R showing the distribution. Any idea as to how this can be reported of the 1040?

Many thanks!

ProSeries Basic

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sjrcpa

Level 15

Report as if you did have a 1099-R?

The more I know the more I don’t know.

J

jeffmcpa2010

Level 10

On the other hand - If all the distributions were QCD, is the tax return any different if you have a 1099-R and none is taxable, or you don't get the 1099-R.

If the result is the same I try not to sweat the little stuff.

My fear would be that 1 day after I file(ignoring the issue) the 1099-R show's up.

IRonMaN

Level 15

And shows up with additional amounts being distributed than what I was told. I wouldn't prepare the return until I saw some paperwork backing up what the client was telling me ---------------------- not that I have ever had the client tell me something different from what actually happened 😬

Slava Ukraini!

D

DER-CPAAuthor

Level 2

She does have a letter from the institution documenting the amounts distributed and the recipients.

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