Charitable IRA Distributions

How do i account for charitable IRA distributions? Quicken needs to
1. Update gross distributions on 1099-R Form Block 1
2. Update Taxable amount on 1009-R Form Block 2a

This should show up on Quicken tax reports, which does not happen. This is a transaction where my broker makes a cash IRS withdrawal and sends a check directly to the charity, one charity per transaction. I've tried tying the IRA tax line item on my category to gross IRS distribution,. which is true, but how do I register the charitable part? The best I've been able to do categorize it as a special charitable payment, but that keeps is off of the gross distributions total.

I wish that Quicken could be able to handle this, but, overall, Quicken is clumsy when it comes to IRA withdrawals.

Best Answer


  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    I believe what you are citing is a Qualified Charitable Distribution (QCD).  You might start here for such discussions or search the community for QCD:
  • Ted109
    Ted109 Member ✭✭
    I can dream up kluge type workarounds myself; I'm a retired software developer. Is there an elegant solution within Quicken?
  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    No, there is not currently an elegant solution in Quicken. If you would like the developers to consider making one, please vote on the Idea post referenced above. 
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