ChiHoang
Level 5

Yes, $1,000,000 is a charitable contribution (present value of annuity limited by 7520reg.). Do I input that amount in the "Cash Contribution" section and name it CLAT contribution? Do I have to select "type" ? 

I am using ProSeries Basic. When I enter $1,000,000 CLAT contribution, it deducts $450K, more than 30% of $750K AGI.  Do I do something wrong ?

Thanks in advance for your quick response.

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