My father passed away almost a year ago and I have started getting stuff in the mail for his taxes.
He had a account not sure the type that had a POD to the church does anyone know if that would be considered charitable donation for a tax deduction?
Thanks
I am so sorry for your loss.
It looks like filing a final tax return is pretty much like filing a regular return. Was the money disbursed to the church during 2021?
I asked them for a receipt they said the church should be able to give me one if needed.
It was for a lot of money 60K
It was just like we are grateful for the gift. Yes a very small church 60 people or so.
But if my faith institution were left 60k, an immediate letter of thanks would have gone out.
This has been my experience with any church or synagogue I've given to, even for small gifts of $25.
Sorry, but there is no reason that a Church cannot acknowledge a donation. If small, then the minister or his wife send it out. You can have a form letter in your computer or thank you notes near by. 60k is a large amount of money to not acknowledge.
You need the advice of the accountant you will use for filings of your Dad's estate. Legal questions are always best passed on to experts as they have such serious repercussions. You can ask advice of the bank, as well, but to be frank, this should go to an accountant.
My brother had a POD to an ex partner, current friend. The account went to him upon presentation of the death certificate. It was not considered a "gift" to him. It was considered to BELONG TO HIM upon the death of my brother.