Taxmaster
Level 2
02-18-2020
02:39 PM
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Working on a tax return for an estate in which 60% of income goes to individual beneficiaries and 40% goes to various religious organizations. Do I list the charitable organizations with the other beneficiaries (so the result totals 100% of the income) or do I list them separately in the Charitable Deduction section - or both?? This is the final return for the estate.
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eawholovestax
Level 2
02-18-2020
09:22 PM
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If the Charitable organizations are residual beneficiaries you list them with the individuals and issue them a k-1. If the decedent left a specific bequest to the charity then you do not issue a k-1 to the charity.
