barfy
New Member

Should I enter the deductible value of a charitable remainder trust contribution or the dollar amount of the contribution?

 

Retirement tax questions

You make a contribution to a charitable remainder trust in exchange, typically, for annuity payments back to you for your life, and money left over after you die goes to the charity.  The deductible contribution is the discounted present value of the "left over" money, not the full contribution.

Tom Young

dteijido
Returning Member

Retirement tax questions

Would you enter the deductible contribution amount just as you would any other charitable deduction?

Retirement tax questions

The amount that is deductible should have been computed at the time your trust was established.