Charitable Remainder Annuity Trust Rev. Rul. 77-374 Report

[Kathleen Reynolds]

#4614

The Charitable Financial Planner uses the 5% probability test of Revenue Ruling 77-374, 1977-2 CB 329 in its calculations when the dollar payout is high enough for the ruling to apply. In its calculation results, the program determines whether or not the charitable deduction is allowable under the ruling. The text for Rev. Rul 77-374 is provided below.

Text for Rev. Rul. 77-374

 

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