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Enter Schedule O charitable bequests

Do the following to enter a charitable bequest:
  1. Go to the
    Names
     screen located in the
    Beneficiary
     folder.
  2. When you enter information, you may need to add a unit of the
    Names
     screen:
    1. Right-click and select
      Add Unit
      .
    2. In the Entity type field view, select
      C
       for Charitable organization.
    3. Enter information in the
      If charitable organization, character of institution
       field and the Address Information section of the
      Names
       screen.
  3. Go to the
    M&O
     screen in the
    Schedule
     folder.
  4. In the Schedule O - Charitable Gifts and Bequests section, open the
    Information for charitable, public, and similar gifts
     statement.
  5. Select the charity. If the charity isn't listed, return to step 1.
  6. Enter a specific amount or a residual percentage. If you enter a residual percentage, enter it in the format of ###.##, where 50% would be 50.00. The Residual Percent column, which states that the charities receive 100% of the charitable residual bequest, should total to 100%. The application calculates this on the Schedule O Residual Interests Worksheet, located in the
    O
     folder in forms view.
  7. Select
    OK
    .
  8. If you're allocating a specific amount to a charitable organization, go to step 9. If you're allocating or calculating a charitable residual bequest, enter the total percentage that all charities are to receive of the residual estate in the
    Interest in residual estate
     field in the Residuary Bequest Information section of the
    M&O
     screen. Make sure it's entered under the
    Charitable
     dropdown.
  9. Once entered, switch to forms view and review the Schedule O Residual Interests Worksheet, located in the
    O
     folder.
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