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Personal Finance and Investing

progree

(12,093 posts)

1. I'm curious - what was the distribution code in box 7?

Reply to question everything (Original post)

Sat Jan 22, 2022, 11:59 PM

Jan 2022

I'm planning on doing this (QCDing my RMD), I think, this year for the first time, on my inherited IRA at Fidelity. So I'm worriedly watching what you're going thru.

Chat might get through quicker -- hopefully a simple explanation. Hopefully that TurboTax can properly handle too.

Edited to add: prior discussion (January 3) on QCD's at https://www.democraticunderground.com/11213582 -- I needed this as a reminder as to what I was thinking of doing when I last thought hard about it (I have two kinds of IRA's - an inherited IRA and a regular Traditional IRA - that have and will soon have RMD requirements, so it gets confusing to me).

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Has anyone ever used part of RMD to donate to chrity (QCD)? [View all] question everything Jan 2022 OP

I'm curious - what was the distribution code in box 7? progree Jan 2022 #1

Code on Box 7 is 7 which means normal distribution. Also the IRA box is checked question everything Jan 2022 #2

Thanks. I notice on my IRA Roth conversions, it has "7" in box 7. So there is hope progree Jan 2022 #3

Thanks. Just found this one on Vanguard question everything Jan 2022 #4