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I am using the Deluxe, for some reason, after I import my
I am using the Deluxe, for some reason, after I import my IRA distribution amount, I could not find a place to enter my QCD, Can you please let me know how i can enter my QCD amt? thanks … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,423 satisfied customers
Can I make multiple QCD withdrawals from my IRA to the same
Can I make multiple QCD withdrawals from my IRA to the same charitable entity and count them all toward my RMD so long as they total less than my distribution requirement? I am over 70-1/2 years of ag… read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
757 satisfied customers
I am 79 yrs. old. Can I take part if my RMD and have it sent
I am 79 yrs. old. Can I take part if my RMD and have it sent to my church for my annual pledge? Is it tax free then? … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
19,128 satisfied customers
My wife is self-employed and I set up a 401k for her in
My wife is self-employed and I set up a 401k for her in April 2018 with Schwab. She is over 70.5 years old and would be subject to a required minimum distribution except that she is still working. Am … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,423 satisfied customers
A client of a CPA referral source had an RMD from his or her
A client of a CPA referral source had an RMD from his or her IRA account. The participant had $2,000 distributed to a charity as a Qualified Charitable Distribution with his or her understanding that … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,423 satisfied customers
This is a question about line 7 of FIT Form 8606. I have a
This is a question about line 7 of FIT Form 8606. I have a RMD of $40,000. I will make a QCD from my RMD of $10,000. Will the entry on line 7 be $30,000? … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,111 satisfied customers
I'm working on RMD's, non-qualified disaster distributions
I'm working on RMD's , non-qualified disaster distributions but Turbo Tax keeps asking if it is a disaster distribution and won't take no for an answer. … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
19,128 satisfied customers
This is going to get...interesting to say the least. Here's
This is going to get...interesting to say the least. Here's the deal. I have a 403b, a457PL, and a tradiotional IRA. This year I turn 701/2 and need to take a RMD. I'd like to make that a QCD but can'… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,423 satisfied customers
Donated most of RMD for 2018 to Charity...Does not show on
Donated most of RMD for 2018 to Charity...Does not show on my 1099 form Can you answer why that might be? … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,111 satisfied customers
From an inherited IRA, Can I make a QCD to fill minimum
From an inherited IRA, Can I make a QCD to fill minimum distribution requirements and avoid tax on the MRD? Please cite code or a reputable web link.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,423 satisfied customers
This question seems early, since I am only hitting 65 and
Hello -- this question seems early, since I am only hitting 65 and RMD's start at age 70. But am trying to do some planning. It was mentioned at church there could be an advantage to using RMD's for c… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,423 satisfied customers
I have a 403() tax shelter and at 74 I am required to take a
I have a 403(b) tax shelter and at 74 I am required to take a RMD. I would like to give the RMD monies to a charity and avoid paying tax on the RMD. Can I do this? … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
19,128 satisfied customers
I turned seventy on May 21, 2018. I am in the process of
I turned seventy on May 21, 2018. I am in the process of trying to take my 401ks and 403bs from where they have been for 30 years and roll them into a format with an investment firm that will allow me… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
19,128 satisfied customers
Lane, I have a client who has not taken the correct RMD
For Lane,Hi Lane,I have a client who has not taken the correct RMD since 2014. He is planning on making a catch up RMD distribution in 2018 for the amounts missed plus 2018. I am going to provide an e… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
19,128 satisfied customers
Age 75. 2018 RMD requirement is $33,000. I Plan to make 4
Age 75. 2018 RMD requirement is $33,000. I Plan to make 4 chaitible ontributions directly from Ira at TDAM. At tax time, how do I identify the 4 QCDs totaling $6000 from the remaining rmd payment dire… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
19,128 satisfied customers
I turned 70 1/2 in 2017 but did not take an RMD, so I need
I turned 70 1/2 in 2017 but did not take an RMD, so I need to take two this year.I have an IRA that has both pre and post tax contributions, plus a 401k and a 403b from one former employer.I have foun… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,423 satisfied customers
I feel like I'm in the twilight zone a little. I just
I feel like I'm in the twilight zone a little. I just received an email from a tax preparer (who I heard now owns 11 offices) who has been doing my taxes for 10 years that cc'd a secretary and her bra… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
19,128 satisfied customers
We have a small IRA with $12,000. The Required Minimum ...
We have a small IRA with $12,000. The Required Minimum Distribution (RMD) for 2007 will be $330+-. We want to do a Qualified Charitable Distribution for the entire $12,000. Our bank is telling us that… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
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