§ 408(d)(8)(F)(ii)(III)

a split-interest entity

UNDECIDED

0 of 2 settled

  1. 1

    § 408(d)(8)(F)(ii)(III)

    ALL OF
    “a charitable gift annuity (as defined in section 501(m)(5))” needs Step 2 a charitable gift annuity UNDECIDED
    “such annuity is funded exclusively by qualified charitable distributions”
    “commences fixed payments of 5 percent or greater not later than 1 year from the date of funding”
  2. 2

    § 501(m)(5)

    a charitable gift annuity

    ALL OF

    For purposes of paragraph (3)(E), the term “charitable gift annuity” means an annuity if—

    “an annuity” Opening words
    “a portion of the amount paid in connection with the issuance of the annuity is allowable as a deduction under section 170 or 2055, and” § 501(m)(5)(A)
    “the annuity is described in section 514(c)(5) (determined as if any amount paid in cash in connection with such issuance were property).” § 501(m)(5)(B)