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Qualified charitable distributions (also known as QCD) are great for both charitable giving and tax planning. However, people are often surprised that financial firms (i.e. Fidelity, Schwab, Vanguard, Morgan Stanley, etc.) do not specifically code for these transactions on 1099R tax forms. In otherwords, a QCD looks like a regular TAXABLE IRA withdrawal on a 1099R. It is up to the taxpayer to tell the IRS on your form 1040 how much of your IRA withdrawal is taxable. In this video, we walk through the simple instructions for reporting a qualified charitable distribution on a tax return. Instructions via IRA.gov: 👇 https://www.irs.gov/retirement-plans/... 👉 My professional focus is retirement planning for individuals age 55+. Please visit my website or reach out for a complimentary planning session. Thanks for watching! 😀 Ted Erhart, CFP® Financial Planner Anoka, Minnesota www.norrislakeretirement.com / ted-erhart-cfp%c2%ae-4969939 https://www.facebook.com/profile.php?...