If the distribution is a qualified charitable distribution (QCD), enter the total distribution on line 15a of Form 1040. Then, if the total amount distributed is a QCD, enter -0- on line 15b. If only part of the distribution is a QCD, enter the part that is not a QCD on line 15b, assuming that the IRA was funded entirely with deductible contributions. Enter “QCD” next to line 15b.
Rule for determining MACRS depreciation in the year property is placed in service. Either a half-year convention or mid-quarter convention applies.