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Level 1
March 9, 2021
Solved

Charitable contributions

  • March 9, 2021
  • 2 replies
  • 11 views

Are donar advised fund donations reported on

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Best answer by sjrcpa

The initial contribution to the donor advised fund is a charitable contribution for the taxpayer.

Subsequent disbursements from the fund to charities are not.

2 replies

sjrcpa
sjrcpaAnswer
Level 15
March 9, 2021

The initial contribution to the donor advised fund is a charitable contribution for the taxpayer.

Subsequent disbursements from the fund to charities are not.

The more I know the more I don’t know.
sjrcpa
Level 15
March 9, 2021

Pretty good mind reading on my part, if I do say so myself.

The more I know the more I don’t know.