[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-11299":3},{"rec_id":4,"title":5,"text":6},"11299","What is a split-interest entity?","A split-interest entity is a trust or fund that allows you to donate money and receive a benefit during your lifetime, or for a set period of time. Split-interest entities can only be funded with qualified charitable distributions (QCDs) and no other funds.\n\u003Cbr>\u003Cbr>\nExamples include:\n\u003Cul>\n\u003Cli>Charitable Remainder Annuity Trust (CRAT)\u003C/li>\n\u003Cli>Chariable Remainder Unitrust (CRUT)\u003C/li>\n\u003Cli>Charitable Gift Annuity (must have fixed payments of 5% or greater)\u003C/li>\n\u003C/ul>\nA qualified charitable distribution (QCD) to a split-interest entity is only allowed once per person during their lifetime and is limited to $54,000 for 2025.\n\u003Cbr>\u003Cbr>\nIf you choose to make a one-time election to make a QCD to a split-interest entity (SIE), you'll need to mail your return and attach a statement to your return. Check \u003Ci>box 3\u003C/i> on \u003Ci>Form 1040 Line 4c\u003C/i> and enter \"SIE\" in the entry space. Make sure your attachment includes:\n\u003Col>\n\u003Cli>That you haven't made the election in a prior tax year\u003C/li>\n\u003Cli>That the QCDs are otherwise deductible under section 408(d)(8)(f)(iii)\u003C/li>\n\u003Cli>That no person holds an income interest in an SIE other than the individual for whose benefit the account is maintained, their spouse, or both\u003C/li>\n\u003Cli>That the income interest in the SIE is nonassignable\u003C/li>\n\u003Cli>The total amount of the QCD(s) you made to an SIE that relate to your one-time election\u003C/li>\n\u003C/ol>",1777391516443]