Hal_Al
Level 15

Deductions & credits

@beisbol - In Moe145's case the charity told him the amount of his charitable deduction (the difference between the amount he contributed and the actuarial value of the total income).  Did they not tell you that? Are you sure the Form 8283 was a "sample" and not you actual amount to deduct.

 

It's my understanding that the capital gain is reported to you, each year, on your 1099-R and not entered as a deduction for 2019. It's in the calculated deduction value provided by the charity. 

Reference: https://www.kiplinger.com/article/retirement/T003-C000-S004-gift-annuity-offers-tax-break-retirement...