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srr
Level 3

Donations to a Donor adviced fund

I am donating to my Donor Advised Fund.

Now turbotax asks "Enter the donation type"

two choices

   - "50%/60% Charity" Churches Goodwill schools etc

  - 30% Charity (This is not common) Veterans group fraternal societies etc.

 

Note TT asks this question regardless whether it is  a cash donation or stock. So I know that Cash has 50% AGI limit and stocks have 30% AGI limit.   Instead the question TT is asking is about the "type of charity" for my Donor  Advised Fund

 

 

Suggestions to TT/Intuit: Since Donor advised fund have become popular in the last 4-5 years when itemized deductions changed, it would be nice if turbo tax treated donor advised fund as special category of when filling out charity donations.

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1 Reply

Donations to a Donor adviced fund

Did you find out the correct way to enter the DAF information in Turbo Tax?  My understanding is we should just enter the name of the DAF, the date funded, and the value of the funding.  I don't see anything in TT about how to enter Donor Advised Fund data.

 

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