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Get your taxes done using TurboTax
True...it isn't meant to be that detailed about the 20, 30, 50/60% charitable deductions. If you rt-click on that line and check the instructions for that entry...it says:
"....The program does not calculate any limits to the amounts in columns (2), (3) and (4), so be sure that you apply the limits before you make an entry, or change an entry, in these columns."
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So, once you get your AGI entered and calculated, way up towards the top....Yep...you need to do the limitations calcs yourself based on what/who you've contributed to for the year...or guestimate an approximate amount.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎November 24, 2024
11:39 AM