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How to mark an IRA distribution as a qualified charitable deduction (QCD) in Lacerte
by Intuit•9• Updated 2 years ago
Follow these steps to enter an IRA distribution as a qualified charitable deduction:
- Go to Screen 13.1, Pensions, IRA Distributions (1099-R).
- Click on Add or select the appropriate payer from the left navigation panel.
- Under the Payer Information section complete the applicable fields.
- Scroll down to the Form 1099-R section.
- Enter the applicable amounts as reported on the 1099-R.
- Check the IRA/SEP/SIMPLE box.
- Scroll down to the Other Information section.
- Locate the Charitable IRA Distributions subsection.
- Enter the amount of charitable contribution in IRA distributions transferred to qualified charity.
- This entry will reduce the amount on 1040, line 4b by the amount entered and print "QCD" beside it.
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