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Level 2
June 1, 2019
Solved

I created a donor advised fund in 2016, but did not fund it until 2017 can I deduct this amount as though I made it in 2016?

  • June 1, 2019
  • 4 replies
  • 4 views

the money was sent using a wire transfer in 2016, but the money wasn't received until 2017

    Best answer by bwa

    Sorry, but you cannot.  Charitable contributions are only deductible in the year paid.

    4 replies

    Hal_Al
    Level 15
    Level 15
    June 1, 2019
    Does your bank statement show the money withdrawal having left your account in 2016?
    jlo1oneAuthor
    Level 2
    June 1, 2019
    no
    Hal_Al
    Level 15
    Level 15
    June 1, 2019
    Then you only have a 2017 contribution. Even if the money did leave in 2016, it would be questionable.
    bwaAlumni - ChampAnswer
    Alumni - Champ
    June 1, 2019

    Sorry, but you cannot.  Charitable contributions are only deductible in the year paid.