- Since it was not your late mother who made or will make the donation, it would not be reported on the Final Form 1040 reporting her income and deductions up to the date of her death. IF and ONLY IF your mother had indicated, preferably in writing and best if written in her will or trust, if one, can the donation be considered a charitable donation of her Estate. Because this IRS regulation is absolute, charitable deductions on an estate or trust income tax return are rare. If there is such documentation, then the donation is reported on Schedule A of the Estate's Form 1041.
- Do not confuse the Estate's Form 1041 which reports income and deductible expenses from the date of death onward to the end of the year, and if necessary for the following year, with the Estate Tax Filing Form 706 which is only necessary if the total assFederal Form 706 - unless your mother during her lifetime made so-called Lifetime Gifts and filed a Form 709 Gift Tax return. States may require an Estate Tax filing for much lower amounts, dependent on the state of her residence.The Estate Tax filing does not report income but rather amount of assets held.
- You might consider instead of having the Estate donate the items, allow the items to flow through the Estate to the beneficiaries, such as yourself, and then you or the beneficiary makes the deductible charitable donation. NOTE: The items then would be included in the calculation of the size of her Estate, but if less than the $5.45M, this might make most sense.
If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67
NOT INTUIT EMPLOYEE
USAR 64-67 AIS/ASA MOS 9301 - O3
- Just donating my time
**Say Thanks by clicking the thumb icon in the lower left corner -it means nothing but makes those than answer feel wanted.
