- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Charitable deduction 2023
I donated appreciated stock to a 50% charity in 2023. The donation is more than the standard deduction. The charitable deduction portion for itemized deductions should be limited to only 30% of my AGI with a carryover of the unused to next year. The return calculated correctly, and I printed it for review. When I updated Turbo tax to Efile days later, the charitable deduction changed to allowing 100% of the appreciated stock value which exceeds the 30% of my AGI. No other amounts changed from the original return. I am unable to edit the calculation. Please advise.
Topics:
March 31, 2024
5:55 PM