Question

Working on a 1041, decedents Will directed a Cash Bequeath to a local Church. Is a cash bequeath to a Church deductible on 1041?

Forum|Forum|2 years ago
March 7, 2024
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I'm preparing an Estates 1041 that has about $30 K of income. The decedents Will left a cash bequeath to be paid from the Estates assets to a Church. Can the bequeath be considered a charitable deduction on Form 1041?

TurboTax Online

A

Anonymous_

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RMClark55Author

Thanks for your reply. What is confusing me is information I was given by someone that said the charitable contribution that was included in the Will is only deductible on Form 1041 "if the contribution is be made from trust income, not principal". There is very little "income generated by the estate" but but enough to file 1041. Is the trust principal the cash in the trust that was transferred from the decedents checking/savings accounts" If so it appears the contribution made via the Will may not be deductible on the 1041? It's a bit confusing. Thanks for any additional information you might have.