topic charitable gift annuity in Deductions & credits

charitable gift annuity

tlmna — Mon, 09 Mar 2026 05:08:55 GMT

where or how do I enter the deductible amount of my gift annuity?

Re: charitable gift annuity

GeorgeM777 — Wed, 23 Feb 2022 19:58:48 GMT

In TurboTax online, in the Federal section, go to Deductions & Credits, scroll down to Charitable Donations, and if necessary, click on the drop down arrow to reveal more options, and select Donations to Charity in 2021. If you have already entered some charitable donations, click on Add Another Charity. If not, answer the questions to proceed through the application. When you get to the page which asks, "What did you donate?," select Stock, and answer the questions accordingly.

@tlmna

Re: charitable gift annuity

tlmna — Wed, 23 Feb 2022 22:39:09 GMT

I did not donate Stock. I established a Charitable Gift Annuity with a specified amount of Money. The recipient notified me that a lessor amount was deductible. Do I enter that lesser amount?

Re: charitable gift annuity

DaveF1006 — Thu, 24 Feb 2022 00:32:08 GMT

Yes, you would only enter the amount that the recipient specifies. This is because, with a charitable gift annuity, you also receive a benefit in the form of a fixed payout for the rest of your life. Please read this Turbo Tax link written by BarbaraW22 for further details as she explains how the charitable organization determines on the amount you can deduct.

Re: charitable gift annuity

tlmna — Sat, 26 Feb 2022 17:28:50 GMT

my amazement has been solved. Thank you.

tlmna