How do I track IRA charitable rollovers?

dpjenkins23 · November 2019

My IRA's are CD's recorded in securities accounts. I have directed that the required minimum distributions be paid to charities (aka IRA charitable rollover). It means I do not receive cash or taxable income on the $ dispersed thus, and the because there is no taxable income, there is no charitable deduction on this dispersement, either. How do I account for this in Q, which appears to never have heard of it. at least in its so-called help?

Sherlock · November 2019

I suggest entering the distribution as an ordinary cash withdrawal using a charitable rollover category created for this purpose (like Charity but not associated with a tax-line item).

q_lurker · November 2019

I'll refer you to this discussion:
https://community.quicken.com/discussion/7751849/how-to-charitable-distributions-from-my-ira

Sherlock · November 2019

I suggest entering the distribution as an ordinary cash withdrawal using a charitable rollover category created for this purpose (like Charity but not associated with a tax-line item).

q_lurker · November 2019

I'll refer you to this discussion:
https://community.quicken.com/discussion/7751849/how-to-charitable-distributions-from-my-ira

How do I track IRA charitable rollovers?

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