When I correct the entry to $600, then run Analysis again, it changes the worksheet and declares the same error. This sounds just like the "invalid value" problem, but fixing it runs in a circle.
This method has worked for me.
First, you must clear all donations from the Deductions & Credits input screen
In the
Desktop version:
Go to Deductions and Credits
Scroll to the bottom of the page
Select Done with Deductions
Let's check your Deductions .. Continue
Here are your 2021 Deductions ... Continue
The standard deduction is right for you ... Continue
GET A TAX BREAK FOR DONATING CASH TO CHARITY
Enter your amount
Online version
Go to Deductions & Credits
Scroll to the very bottom
Select Wrap up Tax Breaks (Online)
Continue through the interview to
Charitable Cash Contributions under Cares Act
Enter your donation.
It's a bug. TurboTax is aware of it. The workaround is to change it to $600 and don't go back to the analysis. It will stay $600 as long as you don't run the analysis again. To make sure, when you save a PDF of your tax return before you file, verify that Form 1040 line 12b is $600.
OK - Hope they fix it before I actually file. Makes me nervous when the software does things like that. But thank you VERY much for the reply and the workaround.
Mike
This method has worked for me.
First, you must clear all donations from the Deductions & Credits input screen
In the
Desktop version:
Go to Deductions and Credits
Scroll to the bottom of the page
Select Done with Deductions
Let's check your Deductions .. Continue
Here are your 2021 Deductions ... Continue
The standard deduction is right for you ... Continue
GET A TAX BREAK FOR DONATING CASH TO CHARITY
Enter your amount
Online version
Go to Deductions & Credits
Scroll to the very bottom
Select Wrap up Tax Breaks (Online)
Continue through the interview to
Charitable Cash Contributions under Cares Act
Enter your donation.
This mostly worked. But ...
- This appears to have worked very well for the Federal 1040.
- However, it appears that any excess above the $600 is not forwarded to my Colorado state return, where it would have been allowed as an additional deduction. Some experimentation shows that once the amount goes above $600 in the Federal form any excess is NOT forwarded to the Colorado form because there is no change to the Colorado tax amount.
- So I'm going to guess the additional step for filers in states that allow deductions above the Federal limit is to manually determine the excess from the federal form, then add any "additional deduction" the state may allow, then input that in the state form. In the case of Colorado this total additional amount goes in the box in the "Additional Qualifying Charitable Contributions" page. Without any visible worksheets I can't tell if something is being counted twice, but that doesn't appear to be the case.
With this additional note your solution appears to be the best for those taking the Standard Deduction plus claiming the cash deduction on Federal and additional allowed deductions on the State form.
Are you in the Desktop (DVD) version, or are you in the Online version?
You must first clear all donations from the Deductions & Credits input screen.
In the desktop version, there may be some additional questions between 4 & 5, but it definitely leads to the final screen
7. GET A TAX BREAK FOR DONATING CASH TO CHARITY
Are you in the Desktop (DVD) version, or are you in the Online version?
You must first clear all donations from the Deductions & Credits input screen.
In the desktop version, there may be some additional questions between 4 & 5, but it definitely leads to the final screen
7. GET A TAX BREAK FOR DONATING CASH TO CHARITY