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 2021>start 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
See the article that the above is from here.
[Edited 01/24/22 RobertB4444 ]
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