Yes. here is how you will report this.
- Log into Turbo Tax.
- Go to federal>deductions and credits>Charitable Donations>show more
- Donations to Charity in 2020>stat or revisit
- You will report it as a donation to property so you will pick items after you list the name of the charity
- Now you will answer the questions over the next few screens
- in choosing the category, choose other intangible property.
- When it ask what the description, value and method of determining value, select present value. the description would be the Unitrust- Charitable Remainder Trust
- Next screen asks purchase info, select created as the method of purchase.
- Finish out the interview. If done correctly, the information will populate into Section B-part 1 of the 8283.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
