Hello all,
I created a Donor Advised Fund through my financial advisor in 2021. I am trying to figure out how to list this donation, and another, in TurboTax.
1.) Is it simply listing the cash amount to the Donor Advised Fund on Turbotax as a money deduction in the deductions and credits section?
2.) From that cash amount, I chose to grant about $2000 to the Boys and Girls Club of my city. That was a cash amount from the donor-advised fund, however, in my fund details, I see there are divestment instructions and asset allocations. Do I have to put that I donated stock to the Boys and Girls Club, or the $2000?
3.) Donating to specific charities as BGC comes with a child care contribution credit. Am I still eligible for this credit? It seems like that only applies to cash contributions. My financial advisor, who has no TurboTax knowledge, said this was possible, but I am not sure when navigating the program.
Thank you
