I have a member who gave a large sum on January 4, 2010 from a Revocable Trust. He says he is able to claim this as a deduction for 2009 b/c it is from a Revocable Trust. Is this true? If so, should I just issue a receipt for his giving dated 1/4/2010 and he can bear the burden of proof w/his accountant or the government?
Answer
I am not familiar with the rules and regulations of a revocable trust, but I would just issue a receipt for the date you received it and then what he does with it would be between him and his accountant.