A donor with $$1,000,000$ in developable raw land with a basis of $$100,000$ plans to sell the land, invest in income producing securities$,$ spend $8\%$ of the remaining value each year for the rest of her life, and leave the rest to charity. Which of the following is NOT a potential tax advantage of doing this through a Charitable Remainder Trust as compared with keeping the assets and giving to charity through her will?

$1.$

The donor will not need to pay income taxes on any income earned beyond the $8\%$ being taken annually to the donor.

$2.$

The donor will receive a charitable estate tax deduction for the value of any property that is transferred to the charity.

$3.$

Because the donor pays no capital gains tax, the entire $$1,000,000$ value can be invested to generate income rather than only the amount left over after paying taxes on the $$900,000$ of gain.

$4.$

No capital gains tax will be due at the sale of the land if the property is sold by the CRT

$5.$

The donor can receive an immediate income tax deduction for the present value of the projected remainder interest that will go to charity at death with the CRT$.$