Drake Tax - 1099-R: Qualified Charitable Distribution (QCD)
Article #: 11400
Last Updated: October 21, 2024
Enter a QCD by following these steps:
-
Go to the 1099 screen.
-
Select the Special Tax Treatments tab at the top of the screen.
-
Either check Box 2 100% QCD up to $100,000 or enter an amount in Box 2 partial QCD up to $100,000.
Note The limit per person is $100,000.
If the 1099-R is entered as an IRA and Box 2 100% QCD up to $100,000 is marked, only amounts in excess of the $100,000 will flow to Form 1040
A Qualified Charitable Distribution (QCD) is generally a nontaxable distribution made directly from an IRA by the trustee.
Per Publication 590, you cannot claim a charitable contribution deduction for any QCD not included in your income.