A husband and wife pair of farmers has been denied a charitable contribution deduction for a transfer of crops to a charitable remainder annuity trust, and the annual annuity payments they have received in return are subject to ordinary income tax, the Tax Court had held. Donald and Rita Furrer created CRATs in 2015, 2016 and 2017 after reading an article in a farming magazine. They transferred a portion of their current crops of corn and soybeans each year. The crops were promptly sold by the marketing facility where they stored all of their crops. The proceeds were partially distributed to the remainder charities and used primarily to purchase a commercial single premium immediate annuity...