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- Charitable Remainder trust - year of payment to charity.....
Charitable Remainder trust - year of payment to charity.....
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Hartmann
Level 1
09-12-2020
11:29 AM
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I have a CRUT that has made a payment to a Donor advised fund in 2019 and we will wind it down in 2020.
My problem is recorded the payment to the charity on the return (assumed in right spot). My balance sheet does not balance i.e. Undistributed capital gains are not showing the distributed portion and lowering it.
It is a typical transaction at end of the CRUT life - I spent ungodly time with Lacerte support - escalated and in the end told to challenge the calculations or override?
Not the right answer and actually awful answer for a typical transaction in a CRUT's life. I assume there are plenty of people preparing CRUT's could use a little help in determining the correct entry??
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