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sncarter
New Member

I opened a Charitable Giving Acct. -501 C 3. Is this covered in Deluxe or Premiere Turbo tax programs?

 
7 Replies
TaxGuyBill
Level 9

I opened a Charitable Giving Acct. -501 C 3. Is this covered in Deluxe or Premiere Turbo tax programs?

Can you clarify what you mean by a Charitable Giving "Acct"?

Did you file Form 1023 for your organization to become a tax exempt 501(c)(3) charitable organization?
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1901356-does-turbotax-support-form-990-for-non-profits">https://tt...>
SteamTrain
Level 15

I opened a Charitable Giving Acct. -501 C 3. Is this covered in Deluxe or Premiere Turbo tax programs?

@sncarter
Or did you just open an account and put $$ into a Donor Advised Charitable Fund?

Like the Fidelity Charitable fund, or the Vanguard Charitable fund?
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
sncarter
New Member

I opened a Charitable Giving Acct. -501 C 3. Is this covered in Deluxe or Premiere Turbo tax programs?

I put money in Fidelity Charitable Fund
ScruffyCurmudgeon
Level 8

I opened a Charitable Giving Acct. -501 C 3. Is this covered in Deluxe or Premiere Turbo tax programs?

The funds that you paid into the Fidelity Charitable Fund are the donated value that you would report.  Contributing money to a Charitable Fund is no different in the reporting than if you had given money directly to a church, educational institution or similar Charitable organization.  Since you are using the desktop software, the Deluxe version handles that as well as accounting for the Itemized Deductions on Schedule A.  So if that is all you are asking, there is not need to upgrade to Premier.
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etccdb
Level 2

I opened a Charitable Giving Acct. -501 C 3. Is this covered in Deluxe or Premiere Turbo tax programs?

turbo tax is no longer importing data from fidelity charitable

etccdb
Level 2

I opened a Charitable Giving Acct. -501 C 3. Is this covered in Deluxe or Premiere Turbo tax programs?

no longer

SteamTrain
Level 15

I opened a Charitable Giving Acct. -501 C 3. Is this covered in Deluxe or Premiere Turbo tax programs?

@etccdb 

 

I don't think it ever did so.....you have to enter your contributions "to" the Fidelity Charitable Gift Fund, manually into the tax software.

 

Grants that came out of that fund should never be entered as a part of your tax return.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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