Charitable gifting from Income Annuity
If Jim has 150k total in IRA annuities and 100k is in an income annuity w cash refund(which apparently loses its IRA status), paying him approx 7k per year and he decides to have 5k of it made out and sent to his church as a charitable gift, is he able to deduct that 5k from his taxes w receipt from his church?
Thanks
Submitted by Zachariah Hammel on Fri, 2021-02-19 22:49