Charitable Remainder Unitrust - donation and deduction

Forum|Forum|3 years ago
April 11, 2023
3 replies
59 views

I donated highly appreciated stock to a CRUT and can't figure out how to both (1) get the information into the system for the Form 8283 Part I and (2) limit the overall deduction for the donation to the present value of the remainder interest. I have tried all sorts of combinations, and either the entire donation is used as a deduction, or the Form 8283 has artificial values on it. It seems like I'm going to have to enter the present value as the donation, then print my overall return, replace the TT Form 8283 with a manually created Form 8283, then mail the return.

Has anyone been through this and can help?

Mike9241

Level 15

SHOULD WORK way 8283 should appear

d)) date of contribution

e)) date acquired

f) how acquired

g) your basis

h) present value of remainder interest - should be equal to the deduction unless limited by AGI

1) valuation method - present value

for turbotax

donation description x shares of ????????

donation type i - publicly traded stocks

form 5227 for the CRUT is due by 4/18/2023

Mike9241

JWB23Author

Level 2

I followed your path, and I'm able to get the Part I to fill in correctly. However, I need Part II, section 5 completed also:

a) Is there a restriction....... should be checked No

b) Does anyone else have rights to the income....... should be checked Yes

c) Is there a restricting the use...... should be check No

None of these are checked, and the only want to access these is a completely different path that fills in these check marks but does not complete Part I correctly.

Other ideas?