- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I deduct a charitable contribution on a final (complex) trust distributing all income on the 1041?
I'm seeing red flags about deducting a charitable contribution for a complex trust on a 1041. TurboTax puts up an "audit warning" and says 1041-A is required. I looked at 1041-A, and it looks hairy. Plus, the IRS says that the 1041-A is always due on a calendar year, meaning it would have been due on 4/15/2021, even though my 1041 is using a fiscal year ending 8/31/2021, and the charity donation was made in 2020.
Topics:
‎November 24, 2021
4:49 PM