Another Gift Tax Question

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  • erchess
    Senior Member
    • Jan 2007
    • 3513

    #1

    Another Gift Tax Question

    My software wants me to put on the Gift Tax Return the charitable contributions made by each individual. How shall I allocate their total charitable contributions?

    Do I have to figure out whose account each donation came from?

    Do I split the Sch A chartiable deduction on their joint return arbitrarily and if so how?

    What effect does the Sch A deduction have on their gift tax situation?

    Thank you for all answers.
  • JG EA
    Senior Member
    • Jul 2005
    • 2176

    #2
    TTB has info on gift tax returns: Starting with page21-23 Here's a quote from 21-29
    She claims a charitable deduction on line 7 for the portion of the gift to the church not excluded by the annual exclusion.
    JG

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    • erchess
      Senior Member
      • Jan 2007
      • 3513

      #3
      Thank You

      I need to re read that section. Once was not enough.

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