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Screen Charity - Charitable Deduction (1041)

Schedule A - Charitable Deduction

Use this screen to enter information for Form 1041, Page 2, Schedule A charitable deductions.
Enter either the percentage or amount of charitable deduction you wish to allocate to current year income. Use either the
Percentage
 or
Amount
 field to decide allocation, but not both. If you enter data in both fields, the
Amount
 field is used.
To treat a charitable contribution being paid next year as being paid in the current year, open the statement and enter
X
 in the
Section 642(c)(1) Election
 column to generate an election statement.
Percentage
Enter a percentage to allocate a portion of income or capital gains as a charitable deduction. Capital gains included on Form 1041, Page 2, Schedule A, line 1 are also included in the calculation of accounting income.
Amount
Enter an amount to allocate a portion of income or capital gains as a charitable deduction. If the amount you enter exceeds the income for the return, the excess is not included in the Income Distribution Deduction. Capital gains included on Form 1041, Page 2, Schedule A, line 1 are also included in the calculation of accounting income.

This article applies to:

  • Product: UltraTax CS
  • Return type: 1041 Fiduciary
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