Direct rollover to charity
If the IRA trustee makes a direct contribution to a qualified charity, is a Form 1099R issued to the IRA owner?
If the IRA trustee makes a direct contribution to a qualified charity, is a Form 1099R issued to the IRA owner?
Permalink Submitted by Alan Spross on Wed, 2009-03-04 03:43
Yes. The IRA owner reports the QCD on Form 1040 per the Inst. in the 1040 booklet on p 23. The procedure is very similar to reporting a rollover where only the taxable amount appears on line 15b, if any. The 1099R itself just shows a normal distribution.