Jake Posted August 31, 2009 Report Posted August 31, 2009 I have a new client that died in 2008 she had a Living Trust that bequested contributions totaling $75,000 to a variety of charitable organizations. The contributions were made from the trust soon after her death. The issue that I have is that the Trust only had about $10,000 of income during 2008 so it appears to me that these contributions are mostly lost. We could have used them on her final return (she had a tax liability) or the benificiaries could have used the deductions. Is there any way to get these contributions to flow through to the benificiaries. I don't think so but I hate to see such a large contribution go to waste. Thanks for any ideas. Jake Quote
michaelmars Posted August 31, 2009 Report Posted August 31, 2009 {OFF THE TOP OF MY HEAD RESPONSE} IF THIS IS A FINAL YEAR FOR THE TRUST EXCESS DEDUCTIONS WILL FLOW TO BENEFICIARIES - [i HAVE NO IDEA IF CARRIED OVER CONTRIBUTIONS IS CONSIDERED EXCESS DEDUCTIONS] Quote
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