What will a 2021 1099-R with QCD look like?
Assume $10,000 RMD, with $8,000 taken as a QCD, remaining $2,000 moved into a taxable brokerage account. What numbers will the 1099-R show in boxes 1 (gross distribution) and 2a (taxable amount), and will 2b box “taxable amount not determined” be checked. Thank you for your help
Permalink Submitted by Alan - IRA critic on Wed, 2021-11-24 01:57
It will be the same as if no QCD was done. 10,000 in Box 1 and 2a and taxable amount not determined checked. It is up to you to report the QCD next to line 4b to reduce the taxable amount to 2000.