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New Member
posted Jun 3, 2019 10:31:38 AM

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

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3 Replies
Level 13
Jun 3, 2019 10:31:39 AM

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

Level 2
Oct 7, 2021 8:53:02 AM

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

New Member
Oct 7, 2021 10:27:16 AM

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