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Level 2
April 6, 2023
Question

How do I enter a contribution made to a donor advised fund account https://www.schwabcharitable.org/donor-advised-funds(turbo tax requires entering a specific charity)

  • April 6, 2023
  • 7 replies
  • 66 views
Turbotax tool requires entering a specific charity but contribution to DAF is deductible even if not donated within the tax year

7 replies

Level 15
April 6, 2023

You deduct as a charitable donation what you donated to the DAF in the year you donated it if you itemize.  Any charitable distribution from the Fund itself is not deductible by you. 

Level 2
April 6, 2023

Yes, thanks. I understand that part. 

 

My question is in the turbotax tool when it asks for "name of the charity" is it ok to put Schwab Charitable account? or how should I enter this contribution into the turbotax software

Level 15
April 6, 2023

If you donated to Schwab Charitable account in 2022 that is what you report in TurboTax.