Charitable remainder trusts described in section 664 must file Form 5227.
Pooled income funds described in section 642(c)(5) and all other trusts such as charitable lead trusts that meet the definition of a split-interest trust under section 4947(a)(2) must file Form 5227 unless the exception applies:
- The split-interest trust was created before May 27, 1969, and
- All transfers of corpus to the trust occurred before May 27, 1969, or
- As to each and every transfer of corpus to the trust made after May 26, 1969, no deduction was allowed under any of the sections listed in section 4947(a)(2).
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